The culprits are the weak royal and social democrats: Norwegian millionaire threatens government to flee Switzerland

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The next super-rich Norwegian calls out: Manager and multimillionaire Jan Petter Sissener (69) threatens to flee to Switzerland if the Social Democrats remain in power in his home country even after new elections in 2025. According to the Norwegian online newspaper “Nettavisen”, if he did not have family in Norway, this move would have happened a long time ago.

The “Swiss Wave” is increasingly becoming a tool of political pressure. In recent months, scores of super-rich people have moved to Switzerland to save taxes. This comes after the government decided to increase wealth tax. Sissener is now using the general uncertainty to blame the Norwegian government for the low exchange rate of the Norwegian krone.

Norwegian economic policy a “risk”

Because the Norwegian national currency is unusually weak. Many experts point out that this is due to the decreasing interest rate difference between Norwegian and international interest rates. Sissener is sure of another reason: foreign investors’ confidence in Norway’s economic policy is at its lowest. The path followed by the social democratic government around the workers’ party is a “political risk”.

Sissener suspects that foreign investors also do not know the taxes and fees they must pay. He received these returns from foreign investors. The solution, he says, is to peg the Norwegian krone to the euro or issue lots of government bonds.

Weak crown main factor of Swiss move

Sissener says the weak crown is the main reason why wealthy Norwegians decide to move to Switzerland. Added to this is the government’s desire to get out of oil. And of course higher wealth and dividend taxes. The outcome of the 2025 parliamentary elections will decide whether he and his companies will actually move to Switzerland. Thus the influential millionaire, who works as a broker and asset manager, puts an end to his comprehensive attack on the Social Democrats.

The Norwegian Ministry of Finance had a disappointing reaction to the allegations. Foreign Minister Lars Vangen, a member of the centrist Senterpartiet party, asks Sissener to remember that his success “is not just the result of his own efforts.” He especially benefited from the political framework conditions. Moreover, according to the data of the Norwegian Statistics Office, foreign investments last year were more than ever before. (Snap)

Source :Blick