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Norwegian banks follow escaping billionaire clients to Swiss tax haven

Scores of wealthy Norwegians have left their high-tax home country for Switzerland. Now, several Norwegian banks are opening offices there in order to serve their clients. 
Norwegian billionaires are abandoning their native fjords for the Swiss Alps. Now, their banks are joining them. | Photo: Arnd Wiegmann/Reuters/Ritzau Scanpix
Norwegian billionaires are abandoning their native fjords for the Swiss Alps. Now, their banks are joining them. | Photo: Arnd Wiegmann/Reuters/Ritzau Scanpix
By Ott Ummelas, Bloomberg

Steep hikes in wealth and dividend taxes by Norway’s left-leaning government have prompted dozens of the Nordic nation’s rich to move to another prosperous, mountainous country to the south. 

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