Do not want to see « a special gold -plated Icelandic system »
The government should continue to use intermediate pricing to measure the correct price of the fish catch when it goes from the fishery to the processing. There is no reason to revolutionize the system that has prevailed here for a long time and create « a special gold -plated Icelandic system ».
This is stated by Guðmundur Fertram Sigurjónsson, founder and CEO of the biotechnology company Kerecis, who participated in panel discussions At a meeting of the Confederation of Employers this morning, which discussed the impact of fishing fees and other taxes on companies. Hanna Katrín Friðriksson, Minister of Industry, was among those who took in the forums and she stood next to Guðmundur as they briefly addressed the fishing tax bill.
Considering the peripheral price
Gudmundur, who spoke to a journalist after the meeting, says the government intends to change how the costs in question are calculated. These plans are not promising for success, neither for the fisheries or municipalities, especially those in the countryside. He says that now the marginal prices from fish markets should be based on 10-15% of the catch and then prices should be used in Norway. To date, on the other hand, the OECD rules have been used on intermediate pricing that has been designed to measure the real price as if it were unrelated parties.
On the tax website states that the concept of intermediate pricing refers to how related legal entities will price their business. « The rules on intermediate pricing are intended to ensure that the price decision in the transaction of such parties is in accordance with prices in comparable transactions between unrelated parties, ie that prices are in accordance with the so -called arm’s length rule, » says the website.
« With the right system today »
« The smelters are using it (the price) when it is moving aluminum from Iceland to their subsidiaries abroad, the Director of Internal Revenue reviews it, and Kerecis when we export our wounds, then sell to a subsidiary. « Because we have the right system today based on OECD rules on this interim pricing. People are going to turn it into something special gold-plated Icelandic system where people are aiming for the price of the fish market in Norway and the marginal price of the Icelandic fish market ».
Review figures at the meeting.
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The Kerecis CEO adds:
« Now 33% (of the profit of fisheries) goes to the state and 66% to the processing. It is easiest to deal with that percentage and just use the interim pricing system that has been for many years. In their interests, they are comfortable with this, they consider this interim price to be a real price, ”Gudmundur reports.
Concerns of the West Fjords
As stated in recent Guðmundur On the changes to the fishing tax bill, he says he is seriously concerned about the state of affairs in the Westfjords if the changes succeed.
« In the Westfjords, this operation is going well now, there is a boom there, people start to increase again, more children in kindergartens and music schools, are doing well with Vestra in football, but now somehow has to overthrow all this and I do not understand why the government is going to do so.
Anna Hrefna Ingimundardóttir, Deputy Director General and Head of Economic Division, delivered a speech at the meeting.
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Make sure not to be cheated
Asked if he thinks that the fishing fees need to be raised, he says he is not a stakeholder in the fisheries sector and does not come close to any operations in the fisheries sector. He knows, on the other hand, something about the interim pricing rules.
« We have been in conversations with the Director of Internal Revenue both in my current job and former jobs. KMPG, Deliote, PricewaterhouseCoopers and other companies that are dealing with intermediate pricing.
From the panel discussion.
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