REPORT: Mowi Not Appealing Norwegian Salmon Tax Ruling
Last month the Hordaland District Court rejected a lawsuit that aquaculture giant Mowi filed against Norway’s resource rent tax. And in a surprising turn of events, Mowi is reportedly not appealing the decision.
The Norwegian Parliament officially passed the additional resource rent tax on Norway last summer. While the initial proposal had been set at 40%, it was ultimately lowered to 25% and applied retroactively from January 1, 2023. Multiple salmon companies spoke out about the new tax and the impacts it would have on their...
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