The municipal council of Bø, Vesterålen, Norway, has voted to align its wealth tax with the national standard. This decision effectively ends the area’s status as a low-tax jurisdiction, often referred to colloquially as a “tax haven.” Previously, Bø had maintained a lower wealth tax rate than the rest of the country, attracting residents seeking to minimize their tax burden. The vote on Thursday signals a shift towards national tax uniformity. Local officials have not yet released detailed explanations for the decision, but it is expected to impact the financial landscape of the municipality. The change will likely affect wealthy individuals who previously benefited from the lower tax rates. This move follows increasing pressure for consistent tax policies across Norway.