P/F Bakkafrost logo

BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Consumer Defensives
Large Cap
Market Cap £3.53bn
Enterprise Value £3.80bn
Revenue £529.9m
Position in Universe 163rd / 1832

Norway considering natural resource tax on fish farms

Mon 30th April, 2018 7:52am
OSLO, April 30 (Reuters) - Norway will consider introducing
a tax on fish farmers because of their use of the country's
national resources, the finance ministry said.
    Fish farms, which mainly raise salmon and rainbow trout,
tend to be located in deepwater fjords along the country's
    The industry is Norway's second-largest export industry
after oil and gas production, with sales of 63.7 billion crowns
($8.0 billion) in 2016, according to Statistics Norway.
    "The government will ... study and possibly recommend a tax
on the use of natural resources to be introduced in 2020," the
finance ministry said in a statement late on Friday. "Such a tax
is under consideration without a detailed plan yet ready."
    Leading Norwegian producers include Marine Harvest  MHG.OL ,
Salmar  SALM.OL , Leroy Seafood  LSG.OL , Grieg Seafood
 GSFO.OL  and Norway Royal Salmon  NRSM.OL .
    ($1 = 7.9565 Norwegian crowns)

 (Reporting by Camilla Knudsen and Gwladys Fouche; Editing by
Toby Chopra)
 ((gwladys.fouche@tr.com; +47 23 31 65 94; Reuters Messaging:
gwladys.fouche.reuters.com@reuters.net; Twitter handle:
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.