Posts Tagged ‘salmon 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 MoreNordlaks set to resume shelved investment projects
Nordlaks, Norway’s largest privately owned salmon farmer, is resuming a major investment programme it cancelled following the announcement of the salmon tax 18 months ago. Plans for a new slaughterhouse, filleting department and offices at Børøya in Stokmarknes were among several aquaculture projects put on hold in the autumn of 2022 by the industry. Tomas…
Read More£100 million bonus for fish farming communities
Coastal communities which host fish farming sites are set to receive an increased payout of NOK 1.4bn (£103m) from the Norwegian Aquaculture Fund, the Oslo government has announced. The money will be used to develop various welfare and social projects in areas which are often isolated from the main urban centres. The government says it…
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…
Read MoreAKVA Group warns of salmon tax impact
The AKVA group, the world’s largest supplier of aquaculture services and solutions, has warned that the salmon tax is having a negative impact on the level of activity in the sea based business – and on land based operations. Presenting its results for the third quarter, the company said that the group delivered slightly reduced…
Read MoreFish farming communities share £180 million
At least 150 coastal fish farming communities in Norway look set to share a bumper payout of more than £180 million from the country’s aquaculture fund. The total in Norwegian currency comes to NOK 2.2 billion and demonstrates the importance of the fund to some of the more remote areas. The spoils, which come from…
Read MoreMayors mutiny over salmon tax
THE mayors of at least 70 local municipalities along the Norwegian coast are demanding a \’fair share\’ of any new salmon tax imposed on the country’s aquaculture industry. The government has announced proposals for a tax of NOK O.40 (40 øre or cents) per kilogramme on salmon, trout and rainbow trout which is expected to…
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