Norway’s tax commission has concluded its work and is set to propose significant cuts to the country’s wealth tax, potentially reducing government revenue by up to 20 billion Norwegian kroner (approximately $1.8 billion USD). The commission’s recommendations, revealed to Aftenposten, aim to reform the existing wealth tax system. Details of the proposed changes are expected to be released shortly, but the scale of the potential reduction is already drawing attention. The move comes after extensive debate regarding the impact of the wealth tax on investment and capital flight. Supporters argue the cuts will stimulate the economy, while critics express concern over increased inequality. The government will now consider the commission’s proposals as it formulates its upcoming budget.