On Tuesday, Norway announced a 35% resource tax on salmon and trout farmers’ profits, down from a 40% proposal that sank fish farming stock prices last year.
State-issued aquaculture licenses allow firms to benefit from public resources, and both left and right administrations have discussed raising fish farming levies in recent years.
Norway’s center-left Labour-led government must negotiate a final accord in parliament before a tax takes effect, although a majority supports taxing the business more harshly.
“We have a long tradition in Norway in which value created from using our common natural resources shall benefit society as a whole,” Prime Minister Jonas Gahr Stoere said.
“Aquaculture needs a resource rent tax today.”
