It’s great to see Norway is incentivising EV uptake but (compared to Aus) taxes are very high and those proceeds can be used to “encourage” EV use…
Everyone pays a “wealth tax“ on any assets they poses (minus debt - over a certain threshold) EVERY year - unlike Australia where you only pay tax on any Capital gain that you make from assets/investments after you dispose of them.
They then also pay CGT on any asset gains once sold.
There has been an exit of wealthy families to Switzerland (where they have lower taxes) over the last few years because of it.
Cheers
DYOR IMO
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