Norway aquaculture tax plans ‘destructive’

THE head of Seafood Norway has described the new tax plans for the country’s fish farming industry as potentially destructive. Geir Ove Ystmark, CEO of the organisation which represents most aquaculture and fishing companies (not be confused with the Norwegian Seafood Council), said the proposal for a 40 per cent tax on profits was ‘far…

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Norway salmon firms face 40 per cent tax hit

NORWAY’S fish farming companies face the unpalatable prospect of a new 40 per cent basic tax rate on their profits. That is the main majority recommendation from the special committee chaired by economics professor Karen Helene Ulltveit-Moe as she presented her plans this morning. The decision of the committee, which was set up last year…

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Fish farmers nervously await new tax proposals

NORWAY’S salmon and trout farmers are anxiously awaiting the results of an inquiry into future taxation plans for the industry which are expected shortly. An independent committee, chaired by economics professor Karen Helene Ulltveit-Moe and set up in 2018, is thought to be ready to present a new tax model for aquaculture, and possibly the…

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Norway sets up forum to cut fish escapes

NORWAY’S aquaculture sector has joined a special forum to prevent further large scale fish escapes. The industry has come under strong criticism from across the country in recent weeks after it was revealed last month that more than 284,000 salmon have escaped so far this year, almost double the figure for 2018. The country’s seafood…

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Norwegians probe rise in salmon escapes

SEAFOOD Norway has called on its members to carry out a thorough investigation into why so many salmon have escaped from fish farms this year. The latest figure of more than 280,000 escapes in 30 separate incidents is one of the highest for many years, and seafood minister Harald T Nesvik has bluntly told the…

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Nesvik demands action as salmon escapes double

NORWAY’S seafood minister Harald T. Nesvik has called the fish farming industry to an urgent meeting after it was disclosed that more than 284,000 salmon have escaped from Norwegian fish farms so far this year, close to double the figure for 2018. The revelation, by the national broadcaster NRK, has sparked a major debate in…

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Lay-offs ‘inevitable’ in algae crisis

SEAFOOD Norway, the body which represents the country’s fishing and aquaculture industry, has warned there are likely to be serious economic consequences from the large algae outbreak which has devastated salmon farms in the Nordland and Troms regions. Around 13,000 tonnes, or eight million fish, worth more than two billion kroner have been lost in…

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Tromsø dilutes ban on sea farms

THE northern Norwegian city of Tromsø has rowed back on its controversial plan for an outright ban on open sea fish farms within its municipal area. The left leaning city council caused a big stir last November when it declared that all future development should be centred around closed, land based farms. The decision brought…

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Norway salmon tax debate hots up

AN intense political debate has broken out in Norway over future plans for taxing its fish farming industry. The government is said to be looking at using the water and land resources that fish farms take up as a possible source for excise revenue, dubbed the salmon tax. This suggestion has already met with growing…

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Tromsø may overturn 'scary' farm ban

A CONTROVERSIAL decision by Tromsø City council last month to ban any further open fish farming inside its municipal zone may yet be overturned. The Labour party on the council, which makes up the largest political group inside a largely left leaning coalition, has said it will now look again at the ruling, which stipulates…

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