Faroe Islands sends new salmon farming tax plan to Parliament; overhaul could cost the industry $9 million in new taxes

Introduction of tax proposal follows days of turmoil in Norway after its government floated a 40% tax hike plan.

Regin Jacobsen, CEO of leading Faroese salmon farmer Bakkafrost, could see his company facing a higher tax bill next year if a proposal now before the Faroese Parliament is approved — Regin Jacobsen, CEO of leading Faroese salmon farmer Bakkafrost, could see his company facing a higher tax bill next year if a proposal now before the Faroese Parliament is approvedPhoto: Anders Furuset

Published 30 September 2022, 16:28Updated 30 September 2022, 16:42

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