
The Norwegian government wants to raise the tax on the aquaculture fee to fish producers (trout and salmon) to 40% from 1 January 2023, for the exploitation of common natural resources: many of the industry giants (Mowi, SalMar, Grieg Seafood) have let it be known that if the maxi-tax comes into force they will suspend their already planned investments. According to the Norwegian Seafood Federation, the new tax rate will bring the marginal tax rate applied to seawater farms to 62%, and in doing so the government will slaughter one of the most important industries for the country’s future, as Norway is now the world’s leading producer of trout and salmon. If the Norwegian parliament approves the taxation reform, it will also be the first country in the world to tax the aquaculture industry so heavily, at 40%. The executive led by Labour Prime Minister Jonas Gahr Store also wants to raise taxes on wind and hydroelectric power producers, again for the same reason: exploitation of common natural resources. In this way, for the centre-left government, part of the extra profits of these companies are returned to the community of Norwegians. The Labour Party, however, does not have a majority in parliament and in order to give legs to the reform project, envisaged as early as 2020, it must find support from other parties. Together, the measures would bring an additional 33 billion kroner (EUR 3.2 billion) to the treasury.