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I realize this isn't your fault, but KPMG's explanation is pretty question-begging. Anyone happen to know how the "taxable wealth" of a startup would be calculated?


"10.02 - Business taxes" at the Official Statistics Office of Norway: http://www.ssb.no/metadata/conceptvariable/vardok/1441/en

"Taxable wealth is the value of the company's assets reduced by debt, as of 1 January in the assessment year."

This doesn't necessarily mean that the same definition applies at the tax office and/or that it applies to startups, though.


pg- If you're interested in tax laws for startups in Sweden, let me know. I have a good friend who is in the process of IPO'n his startup and is very "money conscious".




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