The Conservative Party, known as Høyre in Norway, has announced its intention to advocate for the complete removal of the wealth tax. This move follows their recent national meeting where they discussed various proposals regarding tax reform. The wealth tax has been a contentious issue in Norwegian politics, particularly as concerns were raised during the recent election campaign, where Høyre suffered a significant defeat.

During the elections, the party had previously proposed eliminating the wealth tax on 'working capital' but has now taken a more definitive stance by calling for the complete abolition of the tax on assets and properties, after liabilities are considered. Statistics indicate that only about 12.6% of Norwegians are subject to this tax, pointing to its limited impact on the general population, although it primarily affects the wealthier individuals in society. Høyre argues that this tax discourages investment and hampers economic growth.

The debate within the party reflects shifting views, particularly as former leader Erna Solberg previously supported some extent of the wealth tax, while the new leader, Ine Eriksen Søreide, has made the case for its complete elimination. The recent national meeting showcased four different proposals related to this issue, emphasizing the ongoing internal discussions and the evolving stance on wealth taxation within Norway’s political landscape. This proposed change could have significant implications for the nation’s tax structure and economic policy going forward.