Norway's government leaves offshore aquaculture companies in limbo, declines to apply new ground rent tax to emerging sector

Companies are looking for investors to help the offshore aquaculture sector grow, but the uncertainty over the tax is a deterrent to investment.

"The government is effectively helping to stop a major industrial development," Sjomatbedriftene Managing Director Robert Holmoy Eriksson said. — "The government is effectively helping to stop a major industrial development," Sjomatbedriftene Managing Director Robert Holmoy Eriksson said.Photo: Marthe Njåstad

Norway Tax Norway salmon production tax Farmed salmon Offshore aquaculture

Published 8 October 2023, 03:00Updated 8 October 2023, 03:00