During their national meeting, the Right party approved a resolution to entirely remove the wealth tax with a vote of 158 to 131. This represents a shift from their previous intent to only eliminate the wealth tax on working capital. In 2024, the revenue generated from the wealth tax amounted to 38 billion Norwegian kroner, which constitutes about 2.5% of the total tax income for the country. This proposal came from the Buskerud chapter of the Right party, highlighting ongoing discussions around taxation and fiscal policy in Norway.

The motion that was considered earlier proposed to remove the wealth tax imposed on Norwegian-owned businesses and to increase the tax-free allowance to limit the burden on homeowners and those with savings. However, this proposal did not receive the majority support needed, indicating divisions within the party regarding tax policy. The outcome reflects a broader conversation in Norway about how taxes impact both businesses and individual citizens, particularly in a time of fluctuating economic conditions.

The complete abolition of the wealth tax could have significant fiscal implications for Norway as the government might need to adjust its budgetary allocations or seek alternative sources of revenue. The effectiveness of the proposed changes will likely be a topic of debate in the upcoming political discourse, as various stakeholders consider the potential effects on economic growth, wealth distribution, and public services.