Lot's of discussion in the local media about this, particularly from startup founders, as they fear getting slapped hard.
As I understand it the issue is if their startup is successful at first, founder moves abroad to launch in other countries, but then the company fails.
Didn't fully grasp the details but it had to do with time of valuation vs when you have to pay up.
So seems a lot of them are thinking it's better to move out as soon as possible, or even before you start the company.
As a plain employee it's difficult to assess these things, tough I do find the taxation of intangible values like stocks to be weird. Gut feeling says one should tax what's been realized, either directly through sale or when used as collateral etc.
I emigrated to work here in Norway in a startup about three years ago. The stock company grants me, unrelaised is already tax as wealth at 1.1% though I have not seen a single penny of that unlisted stock - cant sell it eitehr.
Now, If I decide to move - I will have huge tax bill due to this change.
Lot's of discussion in the local media about this, particularly from startup founders, as they fear getting slapped hard.
As I understand it the issue is if their startup is successful at first, founder moves abroad to launch in other countries, but then the company fails.
Didn't fully grasp the details but it had to do with time of valuation vs when you have to pay up.
So seems a lot of them are thinking it's better to move out as soon as possible, or even before you start the company.
As a plain employee it's difficult to assess these things, tough I do find the taxation of intangible values like stocks to be weird. Gut feeling says one should tax what's been realized, either directly through sale or when used as collateral etc.
I emigrated to work here in Norway in a startup about three years ago. The stock company grants me, unrelaised is already tax as wealth at 1.1% though I have not seen a single penny of that unlisted stock - cant sell it eitehr.
Now, If I decide to move - I will have huge tax bill due to this change.
Yeah that stuff just does not make sense to me. Like, sure, tax actual money. But why tax fairy dust and unicorns?