Posts Tagged ‘ground rent tax’
Breaking news: Mowi loses first round in tax case
Mowi has lost the first round of a court battle against Norway’s “salmon tax”. A court in Hordaland, Norway has rejected the company’s lawsuit against the tax, also known as the ground rent or resource rent tax. The company said it will study the decision before deciding its next step. Mowi has a month in…
Read MoreMowi court battle over salmon tax gets underway
Mowi’s attempt to get Norway’s new salmon tax declared unlawful has finally reached the courts. According to the newspaper/news site Bergens Tidende the company met government officials at the Hordaland district court near Bergen yesterday. Mowi’s Chief Executive Ivan Vindheim, who is the probably the industry’s strongest opponent of the tax, was there for the start…
Read MoreNorway set to tax foreign aquaculture workers and businesses
Norway is preparing to impose a production tax on foreign-owned aquaculture businesses, it emerged at the weekend. The tax, which will also affect employees, will apply to those companies which farm offshore in Norwegian waters, on the continental shelf. Finance Minister Trygve Slagsvold Vedum (pictured) has submitted his proposals for public and parliamentary consultation. Vedum…
Read MoreInvestments worth £2bn remain on hold, says Norwegian salmon sector
Planned investment programmes in the aquaculture industry worth NOK 30.8 billion (£2.2 bn) have still not been started since the introduction of the salmon tax. That is the conclusion of a survey carried out by NHHS Consulting on behalf of the employer organisation Seafood Norway (Sjømat Norge). Seafood Norway says the report shows that the…
Read MoreNorway’s Salmon Price Council to be in place ‘before Christmas’
The Norwegian Government is pressing ahead with its plan to appoint a Council to set the price norms that will be used as a basis for the new salmon tax. The new tax, which is expected to net up to £400m a year for the Norwegian exchequer, is being fiercely opposed by the country’s aquaculture…
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