Iceland to Hike Tourism Tax to Ease Nature Impact, Premier Says

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Iceland is turning to taxes to reduce the impact exponential growth in tourism has on its pristine wilderness, Prime Minister Katrin Jakobsdottir said.

“Tourism has really grown exponentially in Iceland in the last decade and that obviously is not just creating effects on the climate,” Jakobsdottir said in an interview with Shery Ahn on Bloomberg Television from New York on Wednesday.

Tourism is one of the Nordic country’s biggest industries. The island, which calls itself the land of fire and ice, attracts travelers who come to see lava flows, hot springs, geysers and waterfalls. It’s also a busy air-travel market due to its strategic location in the North Atlantic between Europe and North America.

 

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