The Norwegian wealth tax has driven countless large companies out of the country and SMEs to ruin. This has caused a stir worldwide. The study by Carl Baudenbacher, Mads Andenas and Laura Melusine Baudenbacher scrutinises the Norwegian regulation. It shows that the tax not only has a confiscatory effect, but is also applied in a discriminatory manner.

Normally, comparative law is a voluntary endeavour by legislators and courts, but in an open world with location competition it is mandatory. With a global comparison of the wealth tax systems of important OECD countries, the work offers valuable insights and arguments for legal disputes or a legislative reform of Norwegian tax policy. A must-read for tax experts, lawyers, economists and political decision-makers who are concerned with global location competition and international tax issues.