Remix clone Hacker News

I've started several companies in Norway. When I moved to the UK, the wealth tax was not even remotely a consideration, even though my shares were at the time valued in the millions - we moved because getting the size investment we needed to grow in Norway was too hard at that time.

Yes, it can be a challenge for fast-growing startups where the secondary market is not very liquid, and is something people need to be aware of. It's not generally a major problem, in that if you can't find ways of structuring deals in ways that allow for ensuring the founders can afford the tax bill, the company just isn't doing very well.

▲

karencarits 11 hours ago | parent [-]

Note that the total tax burden has, at least seemingly, increased significantly under the current government [1]. So the conditions may have changed

[1] https://www.nho.no/tema/privat-eierskap/ny-menon-rapport-kra...

	▲	vidarh 10 hours ago \| parent [-]
		It's a creative presentation that presents it in terms of percentages of taxation of ownership while assuming most wealth tax would be paid with dividends (which makes sense in a mature company, not in a startup, where you might be more likely to find other approaches). It's not changed enough to make much difference from when I dealt with it.