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This Week in Startups · 2024-11-26 · 83 min · 15,994 words

TWiST News: Startups & Wealth Taxes, The Bitcoin Boom, and The OpenAI Browser | E2051

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Maybe that's reasonable. Maybe a one percent origination. Is that I wonder if that is on the table, uh I know that I had heard some people talking about that concept. Well, Norway didn't follow that path, Jason. What Norway has instead uh proposed is a uh an exit tax, according to BDO Global back in uh about a week ago. You're staying yeah. So this tax, by the way, is thirty seven point eight four percent on unrealized capital gains if you leave the country. Oh my gosh, so they put a gun to your head. Yeah. So so it's a total disaster. Like instead of

Yeah. Seeing Bunch of their top taxpayers leave. All the entrepreneurs being like Hey, this makes no sense, you know, tax us, but please do it when we actually have or make money. Um so instead of being like, Hey, maybe we should just like make some reasonable adjustment, they like double down. So basically what's happening now is like you have to leave before you start a company.

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