Wealth tax is no «gift to foreign investors»

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Photo: Jonas Gahr Støre on a firm visit at breeder Gustav Witzøe in 2020 (The Labour Party).
Photo: Jonas Gahr Støre on a firm visit at breeder Gustav Witzøe in 2020 (The Labour Party).

12 November 2021 11:18

Wealth tax is no «gift to foreign investors»

Øyvind Thomassen: Wealth tax is not significant when it comes to financing of new projects. The exception is small firms that have to finance investments with own funds.

Everything - including low interests - indicate that there is shortage of profitable projects, not shortage of capital to finance them. Witzøe's own success in building an enormous fortune from scratch indicates that indeed, it is the contractor, not the money, that first and foremost create values, Øyvind Thomassen writes.

His feature article Formuesskatten er ingen «gave til utenlandske investorer» (in Norwegian) was published in Dagens Næringsliv on 11 November, 2021.