Refer claims to the Father’s House

The fisheries association (SFS) today sent comments to the Ministry of Industry on a draft bill on amendments to the Fishing Fee Act. There they refer the Minister of Industry’s assertion to the Father’s Houses and challenge the government to consider taking steps back

« The Icelandic fishing industry can and will continue to contribute to the community, with healthy operations and good work throughout the country, so that everyone enjoys the fruits.

This is stated in a press release sent by the SFS today.

The organization claims to have been analyzing the impact of the bill, but it is pointed out that they cannot be considered exhaustive as too short a time has been given to it. « The government had little effort to understand the burdensome effects of the bill on the performance of companies, people and municipalities around the country before it was published. It was therefore urgent that this work be undertaken. »

Still call for data

Previously, the SFS had announced that the organization did not intend to submit a comment on a draft bill published by the Ministry of Industry in the government consultation portal where the SME deadline AVR only one week. Longer time would be needed to analyze the effect.

The organization also said the ministry had not shown the willingness to deliver all the data requested on the prerequisites for the amendments proposed in the government bill on the increase in fishing fees.

Hanna Katrín Friðriksson, Minister of Industry, has rejected the allegations The SFS but the organization now reiterates its statements and says the ministries have not yet provided all the requested data.

« It is obvious that the existing draft does not meet the basic requirements that must be made for such documents on preparation, research, assessment of the impact and consultation with stakeholders. All these factors are alone in serious shortcomings.

« Bargain with the Constitution »

In the comments that the SFS has submitted to the Ministry of Industry now, among other things, « argued that the draft bill is contrary to the Constitution. Therefore, prices for ships and settlements for sailors have been correct.

The organization also claims to show a major deficit in building a tax base on prices in the auction markets, whether here at home or in Norway. In addition, they consider it absurd to equate the value that is created in Norway and in Iceland in the case of pelagic species.

« The association is particularly warned that Norwegians will be introduced, which transfer the largest part of the bark fish unfinished. fisheries. « 

Return on equity neither greater nor less

The association also points out that the return on equity in the fisheries sector is neither higher nor lower than in other industries and that dividend payments as a percentage of profits average in recent years are proportionally lower than in the business economy.

« Claims of the Minister of Industry that the fisheries sector » grinding gold « is referred to the father’s houses. According to the analysis of Jakobsson Capital, the increase in fishing fees is offered to the value of the three Icelandic fisheries companies, which are listed on the market, decrease by 53.1 b.kr. or just over 13% and yields fall to 7.9% for the most profitable companies. Such yields are not far above the yield on Treasury bonds. The company believes that the impact will be a significant decline in investment, which in turn reduces economic growth. The SFS still have an impact on more fisheries companies, big and small. «