Norway government lowers fish farm resource tax proposal to 35%

Norway's Prime Minister Jonas Gahr Stoere attends a working session of a NATO summit in Madrid, Spain June 30, 2022. REUTERS/Susana Vera

OSLO (Reuters) -Norway's government aims to levy a 35% resource tax rate on the profits of salmon and trout farmers, it said on Tuesday, down from an initial proposal of 40% which sharply hit fish farming stock prices when announced last year.

Aquaculture licences awarded by the state give companies a chance to profit from public resources, and governments on the left and right have considered imposing extra taxes on the fish farming industry in recent years.