TAX STRUCTURE OF THE NORWAY

 VAT in Norway is a whopping 25%. Personal income tax rates border 55%.
Corporate profits tax ranges from 28% to as high as 78%. Norway even has a
direct wealth tax.
 Norway is one of the most heavily taxed countries in the world with a total
tax burden of roughly 45% of GDP– almost 4x Hong Kong and nearly twice the
US.
 The average Norwegian household pays roughly $70,000 per year in tax.
Including the state’s oil income, government tax revenue exceeds $100,000
per household. Yes, they get free healthcare, free education, and pretty
fountains. But for $100,000 per year?
 TAX STRUCTURE OF THE NORWAY

 The value they get for what they pay is pitiful. You could pay privately for the
most expensive health plans and private schools in the world and still have
tens of thousands of dollars in walking around money.
 Taxes have really driven up the cost of living. It is no coincidence that Norway
is simultaneously the most heavily taxed and most expensive country in the
world.