Home » News » Grocery, Wealth Tax | The Oda boss has a very radical tax proposal

Grocery, Wealth Tax | The Oda boss has a very radical tax proposal

The online king in the grocery industry will have completely new measures to redistribute Norwegian revenues.


– If they are serious, they must tax the solid money that is in Norwegian fortunes instead of changing tax rates to a few decimal places.

This is what Karl Munthe-Kaas (38), CEO of the online store Oda (formerly Kolonial), says. to Dagens Næringsliv.

The government is far too moderate in the tax plan, the founder believes Oda, which stood out as being only a few kroner more expensive than Rema 1000 and Kiwi in Nettavisen’s latest test of grocery prices at the end of September.

The government advocates that those with an income below NOK 750,000 should receive a somewhat reduced income tax, while income above this should be taxed more than today. Munthe-Kaas believes this will not work, and in contrast to very many other leaders in the business community, wants a sharp tightening of the wealth tax.

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– Remove income tax

– In Norway, we redistribute from those with high wages and companies, to those with low income. Those with large fortunes, on the other hand, contribute a very small percentage of their real value increase, says Munthe-Kaas to DN.

The founder tells the newspaper that he fears greater inequality, increased social unrest and a working class that is not allowed to take part in the enormous value creation that is taking place.

– The solution is to make a proper redistribution already today: Set a real wealth tax, and remove the income tax.

Also read: Ikea with giant gift for all employees

The Oda boss believes that the state would have received NOK 100-150 billion more in tax at the current rate of 0.85 per cent, by ensuring that the basis for wealth tax is tightened so that all real values ​​are taxed.

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