Word: erlandsen
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Dates: during 1978-1978
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Taxation rather than nationalization has been Labor's method of building Norway's socialism, which the party defines as "equality among all individuals and groups." Steeply progressive personal taxes (50% for a couple earning $30,000) have helped to level incomes. Says Christian Erlandsen, managing director of an Oslo auto parts firm: "After taxes the difference between me and the lowest-paid guy at this company is not very great. You can't look at just income; you must look at other values. We have our cabins, our spare time. What may be most important...
Business earnings are also heavily taxed: 30% by the national government and 20% by municipalities. Explains Erlandsen: "The highest cost my firm has is its tax cost. To reduce our tax burden, we share profits with our employees or reinvest them somehow." One of the most common means of sharing is to give employees valuable but tax-exempt "perks," such as trips to mountain resorts and the use of company-owned cars and houses...
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