Ever felt like you’re not paying enough tax? No, me neither.
However, Norway is hoping that its citizens might. The oil-rich country is letting people pay more tax if they want to, according to a Bloomberg report.
The government introduced the scheme after being criticised for making tax cuts, which the country’s left-wing Labour Party claimed left people paying too low taxes.
Launched in June, the scheme has yet to bring in significant revenue. So far just $US1,325 has been raised by the scheme, Bloomberg reports.
Finance Minister Siv Jensen told Bloomberg over email: “The tax scheme was set up to allow those who want to pay more taxes to do so in a simple and straightforward way. If anyone thinks the tax level is too low, they now have the chance to pay more.”
Norway already has some of the highest tax rates in the world, with a top income tax bracket of 46.7% and VAT of 25%.
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