> all employers in Norway will eventually become foreign companies.
> How is that a benefit?
If they employ people in Norway you can tax them on that. If they sell in Norway products or services you can tax them on that. If they purchase infrastructure you can tax them on that. If they own any infrastructure in Norway you can tax the ownership. If they rent anything, you can tax renting. If they borrow Norwegian money, you can tax that. If they lend to Norwegians you can tax that.
That's a lot of benefit. Pretty much all of the benefit of hosting any company, domestic or foreign in Norway if you don't tax the capital itself.
What you can't tax the companies on is profit because it's trivially concealable.
It's even better if they are foreign as they have lower political capital because they can't cry their tears out to the Norwegians to have lower taxes.
Pushing rich people out of the country and taxing them along the way is the best thing that might happen. And the money collected can be reinvested into infrastructure and consumers so that foreign companies have a reason to do stuff there.
All the things you mention also apply if the company is Norwegian, and then you can also tax the profit. So there is no benefit here, only downsides.
By having this policy, the country not only loses all the money they could get from taxes once the company ACTUALLY makes money, but they also give control of the nation's future to foreign actors.
So this is quite obviously an extremely bad policy that is a net harm to everyone living in Norway. It leaves the nation and the citizens with less money, fewer resources and fewer options than if the policy had not existed. The policy has for sure already cost the nation several hundreds of billions in future taxes.
It is also morally wrong, of course.
Maybe you can understand why if you consider this: The policy is equivalent to taxing the unemployed because they might get employed one day in the future, and then demanding the payment before that happens.
If they employ people in Norway you can tax them on that. If they sell in Norway products or services you can tax them on that. If they purchase infrastructure you can tax them on that. If they own any infrastructure in Norway you can tax the ownership. If they rent anything, you can tax renting. If they borrow Norwegian money, you can tax that. If they lend to Norwegians you can tax that.
That's a lot of benefit. Pretty much all of the benefit of hosting any company, domestic or foreign in Norway if you don't tax the capital itself.
What you can't tax the companies on is profit because it's trivially concealable.
It's even better if they are foreign as they have lower political capital because they can't cry their tears out to the Norwegians to have lower taxes.
Pushing rich people out of the country and taxing them along the way is the best thing that might happen. And the money collected can be reinvested into infrastructure and consumers so that foreign companies have a reason to do stuff there.