Norwegian salmon farmer Grieg Seafood will put its $24 million smolt facility on hold due to the uncertainty following the Norwegian government's recent tax proposal.
On Sept. 28, the Norwegian government proposed a so-called aquaculture ground rent tax that would increase salmon farmers' taxes significantly, and the proposal has naturally been met with hefty criticism from industry players.
Grieg Seafood Rogaland had plans to develop a NOK 250 (€24 million/$24 million) smolt facility in Trosnavag in Western Norway next year.
