Fisheries
NORWAY RENEWS EFFORTS TO TAX FISH FARMING INDUSTRY
04/10/2023
Update Volume
53
Update Issue
10

On March 28, Norway’s government announced it would levy a 35% resource tax on profits from the salmon and trout farming industry, thus sharing the profit that the industry derives from its access to the country’s common resources. The government initially proposed a 40% tax on fish farms last September, but retracted its proposal after fish farm stock prices quickly plummeted (Reuters).

INDIAN OCEAN TUNA COMMISSION SETS NEW RULES TO AVERT STOCK COLLAPSE
02/13/2023
Update Volume
53
Update Issue
5

On February 5, members of the Indian Ocean Tuna Commission agreed to adopt new fishing rules to conserve tuna stocks in the Indian Ocean. The new measures will increase the monitoring of fish-aggregating devices (FADs), require all FADs to be registered, and restrict the number of fishing aids permitted for each vessel starting in 2024 (Guardian).

S. 5228
Update Type
Committee Name
Committee on Finance
Sponsor Name
Murkowski
Sponsor Party Affiliation
R-Alaska
Issue
2
Volume
53
Update Issue
36
Update Volume
52
Congress Number
117
Congressional Record Number
168 Cong. Rec. S7070

would treat activities related to fisheries in the Bering Sea and Aleutian Islands areas as related to an exempt purpose for purposes of the Internal Revenue Code.

87 FR 76029
12/12/2022
Update Type
Notices

NMFS found that Klamath River fall-run Chinook salmon, Queets coho salmon, and Strait of Juan de Fuca coho salmon are still overfished.

Volume
53
Issue
2
Update Volume
52
Update Issue
36