| ▲ | freefaler 12 hours ago | ||||||||||||||||
In some states there are, which is also a bad & unjust practice. The difference is that the rates are between 0.49% and 2.5% and reassessment period differs between the states/localities (these are local taxes). This is way less that the proposed Norway taxes and "value" can be established much more justly than a "startup shares". | |||||||||||||||||
| ▲ | vidarh 10 hours ago | parent | next [-] | ||||||||||||||||
> This is way less that the proposed Norway taxes and "value" can be established much more justly than a "startup shares". The Norwegian wealth tax is 0 up until ~$150k, then 0.7% local tax and 0.3%-0.4% to the state. So 1%-1.1% above the threshold. But this is of taxable value which for shares is discounted 20%, so the actual tax rate is ~0.8%. But again, for unlisted companies, the taxable value is the taxable valuation of company assets excluding goodwill, so in practice, it's even lower than that. | |||||||||||||||||
| ▲ | asadotzler 11 hours ago | parent | prev [-] | ||||||||||||||||
So, it's OK if it has rules and the Norway laws don't have any rules... is that what you're saying here/ | |||||||||||||||||
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