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Billionaire Kristian Adolfsen thundered against SV and the Labor Party during tonight’s NRK Debate.
– We cannot sit at home and print money to pay taxes, says billionaire Kristian Adolfsen.
On Thursday night, Norway’s new tax haven was on the agenda. The small municipality of Bø in Vesterålen has received a lot of attention after the municipal share of the estate tax was cut in half. Several wealthy people have moved there. However, the most famous of the rich on the move was not in the debate: former ski king Bjørn Dæhlie.
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The wealth tax cut has received harsh criticism and has been called “unsympathetic.” Others have called the small town of 2,500 inhabitants “Monaco of Norway.”
The mayor of Bø, Sture Pedersen (H), has a more practical attitude about it, and hopes the cut will lead to more private businesses and new jobs in a rural municipality struggling with relocation.
The debate was attended by Kristian Adolfsen, owner of the Norlandia Group, SV politician Kari Elisabeth Kaski, shipowner Herbjørn Hansson and Mayor Sture Pedersen, and businessman Bengt Eidissen.
Additionally, less than 10 people with significant wealth have moved or are in the process of moving to Bø municipality, according to the mayor.
– For us, it is the only opportunity to be free for the private business community. The state has left us. We must create new jobs to increase the population in our municipality. The only thing I can trust is private business, Pedersen said.
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– Absolutely silly
Billionaire Kristian Adolfsen, who is behind the Norlandia group along with his brother, believes that the wealth tax is completely wrong.
– We have salary costs each year of around NOK 10 billion. In the companies that my brother and I run, we pay more than NOK 2 billion in taxes and fees. That means 5.5 million crowns every day. We can pay more taxes, but it must be about the companies or the good years; wealth tax is separate from that, Adolfsen said.
SV policymaker Kari Elisabeth Kaski thought it was completely wrong to remove the estate tax.
– We see that many of the very rich pay a lower share of income than many nurses, he said.
Kaski also noted that the wealth tax is a personal tax and aims to ensure that the wealthiest do not become zero taxpayers.
– I am surprised that a parliamentary representative does not understand how this is connected. You have to get dividends to pay that tax. You cannot sit at home and print money at home to pay the tax.
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– Bad morale?
County Mayor Tore O. Sandvik (Labor Party) believes that it would be completely wrong to eliminate the estate tax.
– The point of the wealth tax is that it provides great income for our common welfare, says Sandvik.
Fredrik Solvang asked him if he thought those who moved to Bø had bad morale.
– Bjørn Dæhlie says bluntly that he will move to Bø to avoid paying the estate tax. Bengt Eidissen will move to Vesterålen. The second are those who are tax planners. I have great sympathy for the municipality of Bø, it is a district municipality that has been abandoned by the Conservative government. Regulatory services and expenses increase far more than the state contributes. This means that municipalities have less to deal with. It is a campaign against the wealth tax of a few rich. I have much less respect for that, said Sandvik.
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Several pointed out that it would be problematic for several municipalities to do the same. But shipowner Herbjørn Hansson thought it was only positive with tax competition.
– The profit is primarily for the municipality of Bø. It’s great what Bø does here, and they attract capital. It is an important tool. I have great experience with this when I have had little money and a lot of money. It’s quite interesting when I see that the Labor Party and the Socialist People’s Party in North Troms and Finnmark reduce the employer contribution to zero. In Sandefjord, here, it’s 14.1 percent. It is obvious that tax competition is good. Stimulate activity, Hansson said.
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