Norway Proposes 5% Salmon Tax to Fund Coastal Protection

The Norwegian government is set to introduce a bill tomorrow, on May 21, 2026. The bill proposes a new 5% levy on salmon farming companies. This levy will finance measures to protect the coast from erosion. The proposal follows ongoing debates about aquaculture taxation and coastal protection in Norway. The Norwegian Ministry of Fisheries announced the proposal today. The ministry says the fund will raise 2 billion kroner each year. The money will support coastal erosion protection efforts. The bill has drawn criticism from industry groups. It will be debated in parliament in 2026. The 5% levy targets salmon farming companies specifically. The government aims to finance coastal protection. The debate over aquaculture taxation has been a key issue in coastal communities across Norway. The proposal is expected to continue discussions on how to manage resources and protect the environment. The government hopes the fund will provide stable funding for coastal projects. The bill is part of broader efforts to address environmental challenges in the country. Industry groups have raised concerns about the impact on businesses and jobs. The parliamentary debate will determine the future of the levy.