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from next year.
According to Mowi, salmon producers producing more than 4,000-5,000 tonnes will pay a tax rate increase from 22 percent to 62 percent
.
Due to the impact of the tax reform, the Norwegian salmon license auction was postponed to mid-October
.
According to the previous auction regulations, the starting price per tonne of farming capacity is NOK 200,000
.
But as of now, several large and medium-sized producers have said they will suspend investment in Norway and wait for follow-up events to progress
.
.
According to the previous auction regulations, the starting price per tonne of farming capacity is NOK 200,000
.
But as of now, several large and medium-sized producers have said they will suspend investment in Norway and wait for follow-up events to progress
.
Grieg Seafood's Board of Directors said, "The Company will carefully assess the impact of the proposed tax increase on the Group's business and strategy, and the Group will suspend investment
in new projects in Norway until it is formally adopted.
" ”
in new projects in Norway until it is formally adopted.
" ”
SalMar said that this year it plans to buy 1,223 tonnes of farming capacity under the Norwegian signal light system at a fixed price, for a total price of NOK
244.
6 million.
However, due to the tax rate adjustment policy, the company decided to terminate the investment
.
244.
6 million.
However, due to the tax rate adjustment policy, the company decided to terminate the investment
.
Nordlaks CEO Eirik Welde stated that the company has decided to suspend several investments in Norway, including halting the construction of a new processing plant and headquarters office in Vesteralen, Norway, as well as three land-based hatchery projects
in Sorfold, Flakstad and Harstad.
The projects will invest a total of NOK 5 billion (US$460 million) and will create hundreds of jobs
in local communities.
in Sorfold, Flakstad and Harstad.
The projects will invest a total of NOK 5 billion (US$460 million) and will create hundreds of jobs
in local communities.
Leroy Seafood Group's original plan to invest NOK 123 million to buy 614 tonnes of farming licenses has been shelved
.
"Raising the tax rate from 22 percent to 62 percent is unreasonable, it changes the scope of capital investment and incentives
," the company said.
All significant new investments in the Group's Norwegian value chain must be suspended pending a decision
by the Norwegian Parliament.
”
.
"Raising the tax rate from 22 percent to 62 percent is unreasonable, it changes the scope of capital investment and incentives
," the company said.
All significant new investments in the Group's Norwegian value chain must be suspended pending a decision
by the Norwegian Parliament.
”
Japanese company Cermaq also announced the suspension of investment in
Norway.
Steven Rafferty, CEO of Cermaq, said: "We have no choice but to pause
.
This will certainly affect the economic growth and employment
of many coastal cities.
”
Norway.
Steven Rafferty, CEO of Cermaq, said: "We have no choice but to pause
.
This will certainly affect the economic growth and employment
of many coastal cities.
”
"Since 2014, most of Cermaq's profits in Norway have been reinvested, and while we also have operations in Canada and Chile, most of the money has been invested in Norway
.
Cermaq plans to build a hatchery in Finnmark County to create 30 jobs, but the project has been suspended
.
Rafferty said
.
.
Cermaq plans to build a hatchery in Finnmark County to create 30 jobs, but the project has been suspended
.
Rafferty said
.
In 2014, Japan's Mitsubishi Corporation acquired Cermaq at market prices, most of which were reflected in the valuation
of Norwegian licenses.
"As a foreign-owned company, it is usually necessary to consider economic and political stability when making acquisitions, taking into account the risks of the investor's
country.
In hindsight, it is hard to believe that Mitsubishi should include Norway as a risk country
.
”
of Norwegian licenses.
"As a foreign-owned company, it is usually necessary to consider economic and political stability when making acquisitions, taking into account the risks of the investor's
country.
In hindsight, it is hard to believe that Mitsubishi should include Norway as a risk country
.
”
"There is no doubt that the resource tax proposal will weaken investment in Norway and more money will be used in other countries, which is an indisputable fact
.
" I have worked in the global salmon industry for many years and have always seen Norway as a model
for other countries to follow.
Once the new tax is passed, it will greatly damage Norway's position as
a global leader.
”
.
" I have worked in the global salmon industry for many years and have always seen Norway as a model
for other countries to follow.
Once the new tax is passed, it will greatly damage Norway's position as
a global leader.
”
Rafferty said, "Many of the details of the new tax proposal will affect Norway's competitiveness
.
" Unfortunately, the government and the industry could not effectively negotiate
until the new tax was issued.
”
.
" Unfortunately, the government and the industry could not effectively negotiate
until the new tax was issued.
”
