Norway’s Socialist Left Party wants to increase taxes by more than 20 billion kroner

Kari Elisabeth KaskiPhoto: Stian Lysberg Solum / NTB
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Everyone who earns more than NOK 600,000 should pay more taxes, according to the Socialist Left Party (SV). The party wants to increase taxes through budget negotiations with the government.

“I look forward to starting the negotiations. I am prepared for long days, but it will be nice to get started,” the SV’s fiscal policy spokesperson Kari Elisabeth Kaski told Norwegian Broadcasting (NRK).

The SV proposes increasing the income tax, wealth tax, and dividend tax. The party wants people with the largest fortunes and share income to contribute more to the community.

It wants to increase the wealth tax by NOK 14.7 billion and the income tax by NOK 7.3 billion. People who earn less than NOK 600,000 would receive tax cuts, while those who earn more would, on average, pay increased taxes. 

Those who earn more than NOK 1 million would receive a significant tax increase under the SV’s scheme.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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