it affected the share prices of fizzy drink makers.Apparently intended to reduce consumption of sugary drinks, does anyone think the tax on sugary drinks announced yesterday by Osbourne will do anything more than just generate tax revenue?
Which ones?it affected the share prices of fizzy drink makers.
Osborne's sugar tax hits firms with £500m bill (mail link)Which ones?
I read somewhere it's a tax on production rather than consumption. Is that true? If so then surely manufacturers can choose whether or not to pass it on can't they? Therefore making it pretty much pointless in terms of public health. Not like tobacco where that's a tax on consumption. Anyway I'm not entirely against it, massive taxes on fags have helped people smoke less or quit. As far as I know there's good evidence it's had a positive effect in Mexico.
Where is the mechanism to prohibit the producers from recovering their loss from the consumer? If there isn't one then any notion of it being a tax on production is effectively a convenient fiction; convenient for both government and producers.
Cheers - Louis MacNeice
Nutrient-free Coke Zero and Pepsi max will be exempt, presumably, while high-sugar, but nutrient dense fresh orange juice will now be even more expensive.
I'd have rather had a sugar tax on food.
It's total sugar, but I was wrong about fruit juices...there's an exemption:
I thought it was a tax on added sugar, didn't think you add sugar to fresh juice.
Manufacturers will be taxed according to the quantity of the sugar-sweetened drinks they produce or import. There will be two categories of taxation: one for total sugar content above 5g per 100ml, and a second, higher band for drinks with more than 8g per 100ml.
This means a standard can of Coca-Cola - costing around 70 pence – would have an 8 pence tax placed on it, while a can of Sprite would have an additional levy of 6 pence, when the sugar tax is introduced in 2018.
Pure fruit juices and milk-based drinks will not be included, but with some brands of tonic water affected the tax could have an impact on the nation's enjoyment of G&T.
For him it's a Moral Crusade, isn't it?twitter has been full of Jamie Oliver celebrating, it seems he wanted this sugar tax for whatever good it will bring!
I thought it was a tax on added sugar, didn't think you add sugar to fresh juice.
This is a demerit tax like fag tax, but not yet at the same level. Fags are taxed a lot but not enough to persuade the addicted to give up, it generates more and more revenue... if you want to wean people off them its dead simple - firstly put a tax on them that would make a 330ml can of coke cost £10, and make the sale of them licenced like the sale of alcohol: licenced premises, no sale to under 18's, and like in Scotland, no bulk-buy deals.
unless you do that, you don't really give a shit.
hmmm. Massively regressive tax on a highly addictive substance. When I was on the dole, the first thing I did with my cashed giro was buy baccy. Before food, bills, anything else. I'm sure most poor smokers are the same. If you have dependants, that takes away a big chunk of what you can spend on them. The poorest have the least motivation to give up, generally, and the most to lose from duty.Anyway I'm not entirely against it, massive taxes on fags have helped people smoke less or quit. .
Fag tax is so high precisely because it's so hard to give up. It's an easy target for revenue. The idea that smokers are taxed for their own good is laughable.This is a demerit tax like fag tax, but not yet at the same level. Fags are taxed a lot but not enough to persuade the addicted to give up, it generates more and more revenue.
Yes, that was my pointFag tax is so high precisely because it's so hard to give up. It's an easy target for revenue. The idea that smokers are taxed for their own good is laughable.
The other thing, of course, is that if you have a 20-a-day habit, you have a 20-a-day habit whether you're on the dole or a millionaire. Same thing applies with a sugar tax.Yes, that was my point
Fag tax is so high precisely because it's so hard to give up. It's an easy target for revenue. The idea that smokers are taxed for their own good is laughable.
It's not an argument in favour of the tobacco companies. And fags are really fucking hard to quit for a lot of people. You need good motivation to quit, and those struggling financially are those who are least likely to have that motivation.This is an argument in favour of probably the most digusting industry in history, apart from the arms trade of course. Fags really aren't that hard to quit, they're highly addictive of course but that doesn't make it necessarily really hard to quit. I doubt it's for smokers own good but it's difficult to deny it's had an impact on smoking rates, alongside bans of course.