“the art of taxation consists in so plucking the goose as to obtain the largest
possible amount of feathers with the smallest possible amount of hissing.”
possible amount of feathers with the smallest possible amount of hissing.”
—attributed to Jean-Baptiste Colbert, Controller-General of Finance (1668-83) under Louis XIV of France.
From CitizenX, October 5, 2025
Norway's wealth tax increase, expected to raise $146M, led to a $448M net loss as $54B in wealth left the country, reducing tax revenue by $594M.
The mass departure of Norway's billionaires has transformed into an unprecedented exodus, as the nation's tax administration grapples with one of Europe's most demanding wealth tax and income tax rates. Last year marked a watershed moment in this capital flight, with more than NOK 600 billion in assets leaving the country as high-net-worth individuals increasingly opted for tax havens over their homeland....
....MUCH MORE
