The Norwegian government announced a series of proposals on 28 September 2022 to better distribute profits from natural resources through the introduction of a resource rent tax on aquaculture and wind power, an increase in the resource rent tax on hydropower, and an extraordinary tax on wind and hydropower due to high electricity prices. The proposals are summarized as follows:
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These are the proposals:
Aquaculture:
Resource rent tax
- Effective rate of 40 per cent.
- Applies to the …