Norway tries to keep its ultra-rich

Luxury yachts owned by the super rich mooring in the harbour of the French Riviera in Nice. Norway’s ultra-rich are moving abroad to escape the country’s wealth tax. — AFP

YOU can check out – but you still have to pay! Norway is looking for ways to hang onto its ultra-rich who are increasingly moving abroad to escape one of the rare European countries to impose a wealth tax.

Industrialist Kjell Inge Rokke, former cross-country ski legend Bjorn Daehlie and the father of football star Erling Haaland are among the dozens of super-wealthy who have packed up and left in recent years.