Neil Ramsden, EMEA editor of Undercurrent News, brings you a roundup of the main stories from the previous week
Perhaps unsurprisingly, the most-read story of the last week was the news that Norway's government has proposed a new tax on salmon aquaculture companies of 40%, coming on top of a 22% corporate tax and to be applied on all sea-based operations. The news has shaken the sector, with companies and organizations warning the tax -- if passed into law -- could end growth and investment plans along Norway's coastline.
One of the first companies to react was SalMar, who CEO Linda Litlekalsoy Aase said the Norwegian government's plan presents the "greatest challenge ever" for the sector. Aase, who became CEO of SalMar in March, predicts significant adverse effects from the government's proposed tax.
Two days later, SalMar terminated a NOK 244.6 million ($23m) purchase of additional salmon production biomass over the government's tax plan [...]
Want to access a free article?
Create a free profile and access all the free articles available.
For unlimited access to all articles sign up for a 7-day trial
or purchase a full subscription.
Have an account? Log in here:
Enter the email address associated with your account. We'll send you instructions to reset your password.
We’ve sent a link to to change your password.
Please check your inbox to reset your password securely and easily.
