The mink industry in Denmark, the world’s biggest producer, has effectively been wiped out after a mass slaughter of the animals to fight the coronavirus was rushed through.
“It’s a terrible and difficult situation, with the industry being shut down in a single blow,” said Tage Pedersen, the chairman of the Danish Fur Breeders’ Association.
“There’s no way back,” he said in an emailed comment. “Even if a few farmers somehow survive, there’s still no future. We can only survive if we have a large, robust business.”
Denmark is fighting a new mutation of the coronavirus found in its mink farms. Prime Minister Mette Frederiksen said the variant has the potential to derail efforts to develop a Covid vaccine. The only option left is to cull the country’s entire mink population of roughly 17 million animals, she said.
The Danish Fur Breeders’ Association estimated on Wednesday that about two-thirds of that population -- both infected and healthy animals -- have been culled. That’s after farmers acted on a government order which has since been retracted because it broke the law. Local media reported that all infected mink – roughly 8 million – would be dead by late Wednesday.
The fate of the animals, some of which were killed in such haste that there were eye-witness reports of thousands of mink carcasses strewn across a public motorway, provides a graphic reminder of the real-world consequences of a string of political missteps in Denmark that could have global consequences.
Ms Frederiksen’s handling of the crisis has drawn condemnation from a united parliament. Her government, which initially offered financial incentives to farmers to start culling as soon as possible, has since said it didn’t know the order to kill all Denmark’s mink required new legislation. An emergency bill needing a three-quarters majority has failed, and the legislative process is now in limbo.
Meanwhile, Denmark’s main animal rights group, Dyrenes Beskyttelse, said it plans to involve the police after viewing a video showing a botched cull by state workers.
The law states “that anyone who wants to put down an animal has to ensure that it’s done as painlessly as possible”, Yvonne Johansen, the head of Dyrenes Beskyttelse, said in a statement. “That’s not what I’m seeing here.”
Food and Fisheries Minister Mogens Jensen, who has overseen the planned eradication of Denmark’s mink, was grilled by lawmakers on Wednesday. He faced attacks from both the opposition and members of the ruling bloc, with some even calling for his resignation.
Ms Frederiksen’s government, which still expects a standard bill to pass with a simple majority of more than 50 per cent, wants all Danish mink farming to be banned until 2022. That means breeding animals will be wiped out, effectively shuttering the industry.
As Denmark gets dragged into a domestic political battle, scientists worry that the risk that mink mutations pose is misunderstood.
The arrival of Covid-19 in Denmark was a clear “game changer” for its mink farmers, Kare Molbak, the country’s top epidemiologist, told newspaper Politiken. Maintaining the industry now “represents far too high a national health risk”, he said.
“Mink are very easily infected by the coronavirus, and once it’s there, it spreads at the speed of light,” he said. “We’ve seen how that then spreads to humans. That makes it practically impossible to handle the spread during a pandemic.”
All Blacks line-up for third Test
J Barrett; I Dagg, A Lienert-Brown, N Laumape, J Savea; B Barrett, A Smith; J Moody, C Taylor, O Franks, B Retallick, S Whitelock, J Kaino, S Cane, K Read (capt).
Replacements: N Harris, W Crockett, C Faumuina, S Barrett, A Savea, TJ Perenara, A Cruden, M Fekitoa.
Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
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Sam Smith
Where: du Arena, Abu Dhabi
When: Saturday November 24
Rating: 4/5
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer