Taxes Fuel Controversy for Norway’s Crypto Startup Founder Fredrik Haga
Background on Fredrik Haga and His Crypto Startup
Fredrik Haga is the co-founder and CEO of Dune Analytics, a pioneering crypto startup based in Norway. Over two years, he built the company with minimal funding, ultimately attracting significant venture capital investments. Despite becoming one of Norway's first unicorns, Haga is now facing hefty unrealized gains taxes, prompting a reaction from the Socialist Party.
Unrealized Gains Taxation in Norway
Norway has recently implemented a wealth tax system that affects many entrepreneurs. Haga's situation represents a broader concern among business leaders in the country. As he describes, the taxation burden is overwhelming, especially given that his company remains unprofitable.
Calling Out the Tax System
- Haga has publicly criticized the unrealized gains tax.
- His comments earned him a place on the Socialist Party's
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