Norwegian salmon farmers rise on tax cut proposal

Austevoll Seafood ASA

09/09/2024 09:25

** Shares in Norwegian salmon farmers rise, with analysts
citing Conservative Party Hoyre's proposal to cut the resource
rent tax on salmon farmers from 25% to 15%
    ** Last year, the Norwegian parliament passed a bill to
impose a 25% resource rent tax on salmon farmers, down from an
original government proposal of 40%
    ** Hoyre, the main opposition party in the Norwegian
parliament, rejected the government's proposal and voted against
the bill
    ** Fish farmers have lobbied against the tax, which comes on
top of a regular 22% corporate tax, saying it hampers investment
and hurts the industry 
    ** Parliamentary elections are scheduled to be held in
Norway on Sept. 8, 2025, with Hoyre leading the polls 
    ** Shares in Mowi  MOWI.OL  and Salmar  SALM.OL  are up 3.5%
and 3.3%, respectively
    ** Grieg Seafood  GSFG.OL , Leroy  LSG.OL  and Austevoll
 AUSS.OL  are also up 5.6%, 4%, and 3.2%, respectively 


 (Reporting by Jesus Calero)
 ((Jesus.calero@thomsonreuters.com))