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2 billion US dollars).
The specifics of the Norwegian salmon "resource tax" have not yet been announced, but according to Mowi's interpretation, if the tax proposal passes parliamentary approval, the tax rate paid by salmon producers with production of more than 4,000-5,000 tons from 2023 will be raised from 22% to 62%.
Norwegian brokerage firm Fearnley Securities expects small producers to be exempt from tax hikes due to production restrictions, but the guidance earnings per share of large and medium-sized listed companies will fall by 30-50%.
Norwegian brokerage firm Fearnley Securities expects small producers to be exempt from tax hikes due to production restrictions, but the guidance earnings per share of large and medium-sized listed companies will fall by 30-50%.
Ole-Eirik Ler?y, Chairman of Meiwei, commented: "This is the biggest shock the salmon industry has ever faced, and it is so unpredictable
.
”
.
”
For Mae Wai, the Norwegian farming industry is its core asset
.
"We are an international company with operations in 25 countries and farms in 6 countries
.
" Meiwei CEO Ivan Vindheim said in an interview with the media, "If this proposal is implemented, we will have to reconsider the investment location, which is Plan
B.
" Plan A is to explain to the authorities and people why this is a bad proposal
.
”
.
"We are an international company with operations in 25 countries and farms in 6 countries
.
" Meiwei CEO Ivan Vindheim said in an interview with the media, "If this proposal is implemented, we will have to reconsider the investment location, which is Plan
B.
" Plan A is to explain to the authorities and people why this is a bad proposal
.
”
"Will the proposal be supported by a majority in Parliament? That remains to be seen
.
We believe that there is no basis for supporting a resource tax, and we will continue to work to ensure that the proposal does not eventually evolve into a reality
.
Vindheim said
.
.
We believe that there is no basis for supporting a resource tax, and we will continue to work to ensure that the proposal does not eventually evolve into a reality
.
Vindheim said
.
Norwegian producer Grieg Seafood said, "The company will carefully assess the impact of the tax increase proposal 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.
" ”
Linda Litlekals?y Aase, CEO of SalMar, said: "This is a tax on companies that create value and work programmes off the coast of Norway, with significant negative knock-on effects on
all related sectors and jobs in the aquaculture industry.
Once the payroll details are further clarified, SalMar will respond with more information on its impact on the Group's
operations.
all related sectors and jobs in the aquaculture industry.
Once the payroll details are further clarified, SalMar will respond with more information on its impact on the Group's
operations.
Leroy Seafood Group's Board of Directors said: "The Board and management are evaluating this proposal, but there is no complete overview
yet.
However, the proposal is undoubtedly hostile to the industry and, if approved, will have a strong negative impact on the industry as a whole, unless parliamentary policymakers manage to halt the proposal
after consultation with people in Norwegian coastal communities.
yet.
However, the proposal is undoubtedly hostile to the industry and, if approved, will have a strong negative impact on the industry as a whole, unless parliamentary policymakers manage to halt the proposal
after consultation with people in Norwegian coastal communities.
Affected by the decline in Norway's stock price, the market value of Faroese producer Bakkafrost is also shrinking
.
Bakkafrost said,
.
Bakkafrost said,
Affected by Norway's proposed new tax, the Faroese government is also considering tax adjustments
for salmon.
for salmon.
"Bakkafrost pays taxes in the Faroe Islands and Scotland where she operates and has no assets
in Norway.
Since 2014, the Faroe salmon farming industry has implemented a special tax policy, which is price-linked, and the current tax rate is between 0.
5% and 5%, depending on the salmon spot price
.
Bakkafrost said the Faroe Islands may also be on the verge of tax adjustments
, given the recent high salmon prices and rising production costs.
But the Faroese proposal for a tax rate adjustment has not yet been submitted to a parliamentary vote
.
in Norway.
Since 2014, the Faroe salmon farming industry has implemented a special tax policy, which is price-linked, and the current tax rate is between 0.
5% and 5%, depending on the salmon spot price
.
Bakkafrost said the Faroe Islands may also be on the verge of tax adjustments
, given the recent high salmon prices and rising production costs.
But the Faroese proposal for a tax rate adjustment has not yet been submitted to a parliamentary vote
.
