It is somewhat different: in your example, it’s just a matter of the taxation rate.
In Norway, it seems they were taxing paper gains: as an entrepreneur you take all the risk and put the effort to make your company succeed, maybe work with the smallest salary you can, so as to help your company grow more… then they come and say: “well on paper, if hypothetically you were to sell your company now, it would be worth X, so we are going to tax you on that.”
…now to pay taxes you have to sell a chunk of your company, or find other ways to fund your tax bill, which is probably going to take away resources from growing your company, which probably means your company’s will grow less and hire less…
In Norway, it seems they were taxing paper gains: as an entrepreneur you take all the risk and put the effort to make your company succeed, maybe work with the smallest salary you can, so as to help your company grow more… then they come and say: “well on paper, if hypothetically you were to sell your company now, it would be worth X, so we are going to tax you on that.” …now to pay taxes you have to sell a chunk of your company, or find other ways to fund your tax bill, which is probably going to take away resources from growing your company, which probably means your company’s will grow less and hire less…