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The Norwegian exit tax is a tax imposed on individuals who move out of Norway and own shares or other financial assets with unrealized capital gains. If a person has held tax residency in Norway for at least five of the past ten years before moving, they are subject to this tax.

When leaving, Norway taxes the unrealized gains on these assets as though they were sold at the time of departure, meaning they must pay tax on the hypothetical profit, even though they haven’t actually sold anything. However, there’s often a deferral option, allowing payment to be postponed under specific conditions. The exit tax is designed to prevent tax avoidance by taxing gains that would otherwise escape Norwegian tax jurisdiction.

That’s definitely what it is!

The Norwegian tax system feels like a maze designed to drain ambition. It doesn’t just punish hard work and innovation—it traps us with exit taxes, making it nearly impossible to move forward or even step away.

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Happy Birthday #Bitcoin 🎉

Greetings, my haunted friends… 👻 Tonight, as the veil between worlds grows thin, beware what lurks in the shadows. Wishing you a Halloween filled with eerie whispers, ghostly apparitions, and thrills that chill to the bone. Lock your doors, light your candles, and don’t look behind you… for the spirits are out, and they’re hungry. Happy Halloween… if you can survive the night! 🕯️🎃💀