I Left Norway to Build My Startup

> Norway levies a net wealth tax of 1 percent on individuals’ wealth stocks exceeding NOK 1.7 million (EUR 150,000 or USD 160,000), with 0.7 percent going to municipalities and 0.3 percent to the central government. Norway’s net wealth tax dates to 1892. Additionally, for net wealth exceeding NOK 20 million (EUR 1.74 million or USD 1.88 million), the tax rate is 1.1 percent.

So if the post-$40m raise founder's share is $30m (number doesn't really matter), he'd have to pay 1.1% of that in wealth tax? So he'd have do dilute his share from e.g. 75% to 74.25%.

Moving to Switzerland of all countries over just that? Ironically one of the only ~4 other countries in the world with a wealth tax? Makes very little sense.

It's telling that he writes this whole article extremely critical of it all, without once mentioning the actual percentage he'd have to pay and is moving over. Surely that's the most critical information here.

Wealth tax aint great if you want to keep the money stale, but that just means you should use it to compund itself.