Norway wants to roll back cuts while Denmark is proposing that its richest 1% pay more on dividends
With the pandemic mostly behind them, Nordic countries are placing themselves in the vanguard of global economies trying to get rich people to fund public finances more in the aftermath of the ordeal.
With that new legacy of inequality left by the pandemic, the region’s shift signals a yearning to return to more egalitarian foundations funded by a traditional high-tax model that governments had started to scale back, as with many advanced economies. “Now that leftist governments are in power, we should expect more leftist policies,” Sanna Kurronen, an economist at Helsinki-based Business and Policy Forum EVA, said.
A report in 2020 by the finance ministry advised against such a tax because it would be challenging to implement, would complicate the system and would end up targeting too few people.Prime minister Mette Frederiksen’s administration wants to target the country’s richest citizens to fund a measure that would motivate elderly workers to stay in employment and increase the supply of labour.
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