Norway to Auction Fish Permits Left Unsold After Tax Debacle
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The Norwegian government will offer up for sale the additional salmon farming capacity that went unsold after the country’s biggest aquaculture companies, incensed by a contentious tax proposal, snubbed an October auction for licenses.
The Nordic nation plans to take closed bids in September for 8,243 metric tons of maximum permitted biomass, according to a proposal from the Trade, Industry and Fisheries Ministry. The ministry is seeking comments on a proposal for the design of an auction for the remaining capacity from the 2022 allocation round.