Resource tax is 'doomed to fail'

Article Abstract:

Gudmundur Kristjansson, a fishing vessel owner and seafood processor, discusses the efficacy of the resource tax imposed in Iceland. The said tax policy proposes to tax every industry, irrespective of the profits. The funds generated from such taxes will be utilized in projects where the politicians feel that investments are required. According to Kristjansson, the resource tax policy is bound to fail because politicians cannot know better than the industrialists running the business, regarding the funds requirement.

Taxes, Taxation, Tax policy, Kristjansson, Gudmundur

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Iceland's cod catch could have in ten years ...

Article Abstract:

Gudmundur Jonsson, skipper of Venus, an Icelandic freezer stern trawler, expresses concerns regarding the depleting capelin stocks in the region, which he feels could halve the cod populations in the region within a period of 10 years. Capelins are the major source of food for cods.

Forecasts, trends, outlooks, Analysis, Forecasts and trends, Market trend/market analysis, Cod fishing, Overfishing, Jonsson, Gudmundur

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