Tuesday, July 11, 2017
Bloomberg, Norway’s ‘Voluntary’ Tax Plan Brings In Just $1,325:
Eager to pay more taxes? Then look no further than Norway.
Hammered by the opposition for slashing taxes and going on a spending spree with the country’s oil money, the center-right government has hit back with a bold proposal: voluntary contributions.
Launched in June, the initiative has received a lukewarm reception, with the equivalent of just $1,325 in extra revenue being collected so far, according to the Finance Ministry.
That’s not much for a country of 5.3 million people, many of whom are already accustomed to paying some of the highest taxes in the world (the top rate of income tax is 46.7 percent).