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Image: La Voz
Anfaco-Cecopesca demands that Norway clarify itself and decide whether to impose taxes on its salmon
(SPAIN, 3/13/2023)
Asks the Commission to mediate to demand legal certainty in the supply
 The mine that is aquaculture for Norway was perplexed last September, when its government launched a survey on the possibility of introducing a tax on companies in this sector starting this year. It wouldn't affect everyone. Only the largest, those that produce more than 4,000 or 5,000 tons of salmon or trout. A rate of 40% would be applied to these companies, of sufficient depth to alter the price of the final product, especially since, counting on the corporation tax, it would raise the effective marginal rate above 60%. This is what Anfaco, the Spanish canning employers, and Anapa, its smoked counterpart, who already suspect problems with an essential raw material for associated companies, maintain. Not surprisingly, Norway is the leading producer in the world and the main supplier of Spanish companies. So much so that they have asked the European Commission for protection to mediate in the problem and demand, if not paralyze that rate, at least demand a definition from Norway that puts an end to the uncertainty in which they move.
The problem is that the calculation method is linked to the price of salmon and trout on the stock market (on the Nasdaq), but only for part of the production, since that of almost 70% of the Norwegian fish farms (less than of 4,000 tons) is left out of this calculation model. Chaos, therefore, is served.
In addition, that rate that the Government announced for January 1 of this year has been postponed until the country's Parliament rules on it, something that is not expected until May or June. If being at the expense of what the Nasdaq marks to know how much the tax is is already confusing, not knowing if there will finally be one or not, adds even more "insecurity" to companies, says Roberto Alonso, general secretary of Anfaco.
.png) And that is what the Spanish sea-industry chain is demanding from the European Commission: that it meet with the Norwegian Government to guarantee that in a moment of "total volatility" like the current one, priority is given to "stability, competition and efficiency » that the industry requires.
Spain, affected
Because, in addition, this legal uncertainty affects Spain very strongly, where the Food Chain Law prohibits producers from selling at a loss, something that could happen in the face of "improvised decisions that may come from Norway." "Predictability" is needed, says Alonso, knowing what taxes will have to be paid to maintain investments. Anfaco and Anapa have their main supplier in Norway, which is why they have participated in the claims process opened by Norway. And it is that, other countries such as Scotland and Chile are still very secondary sources of supply for the industry, which processes it both canned, frozen, fresh or smoked in trays.
Source: E.A./ REDACCIÓN / LA VOZ
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