Recently the debate over a ten percent tax being implemented on sugar has heated up. Government officials want to introduce the tax in an effort to combat obesity. Some state one big problem with the tax would be consumers would shop less at convenient stores and resort to shopping in bulk at super markets.
Key Takeaways:
- Pressure continues to mount on two major convenience sales drivers – beverages and tobacco – amid talks of tax hikes on both categories.
- Debate as to whether or not the Australian government should introduce a ‘sugar tax’, in an effort to curb obesity, resurfaced earlier this week after Victorian Liberal MP Russell Broadbent labelled sugar “a major trauma” for Australia.
- Mr Broadbent challenged his colleagues to consider implementing the measure, calling for a 10 per cent wholesale tax, with the funds to be used to pay for sporting facilities.
“We believe that the sugar industry is an incredible strong industry especially for the development of North Queensland. This idea has been floated in other areas but we do not support a sugar tax.”
http://c-store.com.au/2016/09/22/sugar-tax-debate-reignited/
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