Norway’s wealthy leave after tax hike

SITTING in his lakeside villa in the Swiss city of Lucerne, Borger Borgenhaug misses his grandchildren and the smell of the Nordic sea on a clear summer night.

The carpenter turned real-estate tycoon says that is the price he pays to escape Norway’s beefed-up wealth tax – an annual levy that has driven hundreds of millionaires abroad while underpinning one of the world’s most equal societies.