Sugar taxation has remained the most effective for of food taxation when it comes to reducing diet-related diseases as compared to taxes on salt, saturated fat and junk food, according to a recent New Zealand study.
In a move to reduce consumption of unhealthy products and prevent chronic diseases, the UAE Government will impose a fresh 50% excise tax on a raft of products containing added sugar or sweeteners, with officials hoping it will reduce consumption of ‘unhealthy...
The Pakistani government will be doubling the country’s sugar tax to 17% as well as implementing a raft of other levies, as revealed in the country’s recent Federal Budget 2019-20 announcement.
Portugal’s State Budget proposal for 2018 proposes a new tax on foods that have a high salt content – including potato chips, cereals and crackers – in an effort to curb the nation’s unhealthy consumption patterns.
Thanks to drink manufacturers reformulating sugar out of their products, the UK’s Office for Budget Responsibility (OBR) now predicts significantly less revenue from the sugar tax - but does this really signal a change in the public diet?
Romania adopted a revised Fiscal Code last month which will see a budget deficit of 2%, and a gradual cut in VAT, down to 20% as of January 2016, and to 19% in 2017.
Scottish confectioners Lees of Scotland and Tunnock’s will receive windfall tax rebates after the firms’ snowball products were ruled to be tax exempt cakes by a UK court.
Hungarian snacks firm Chio Magyarország – owned by German giant Intersnack – has slammed the country’s new ‘chips tax’ for ruining its chance of winning funding for new popcorn and snacks lines.
High taxation is curbing the growth of Indian fruit and vegetable processing sector and must be overhauled, said the Associated Chambers of Commerce and Industry of India (Assocham).
UK retailer Marks & Spencer has won a protracted legal battle against the VAT office that had classified its marshmallow teacakes as chocolate biscuits.
Grundfos, the Danish-based manufacturer of water pumps widely used
in the food and beverage industry, has reported growth in turnover
of 5 per cent for the 2002 financial year.
