The alcohol sector in Dubai has warmly welcomed the authorities’ decision to scrap its 30% taxation on sales in a bid to lower prices and boost tourism, despite officials highlighting that this is not yet considered a permanent change.
Carlsberg Malaysia has retained a cautionary outlook for the company’s overall growth citing concerns over inflationary and taxation pressures, despite announcing year-on-year growth of over 200% in net profits in its Q3FY2022.
Japan’s plan to reduce the gap in taxes levied on the three main beer categories in the country is expected to first stimulate rapid new product innovation across the board, then also deliver a boost to the traditional beer segment in the long run, according...
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.
The Philippines is considering implementing higher sugar taxes as well as new taxes on ‘junk food’ high in sodium and trans fat to offset the costs incurred by the COVID-19 pandemic outbreak this year.
Craft brewers and importers will not face a $130m tax increase in 2020 thanks to a one-year extension of relief from the the Craft Beverage Modernization and Tax Reform Act.
The Philippines Senate panel has recommended that a bill to increase taxes on alcohol and other ‘sin’ products under Phase 2 of the controversial TRAIN law be passed, amidst government lauding of the first phase’s success.
Reformulating products to reduce sugar can be a costly process. While the impact of sugar taxes on consumer behaviour is a moot point, they do provide the food sector with a financial incentive to trigger change.
Japanese beer maker Sapporo Breweries is to devote more attention to so-called ‘third category beers’ – those which use malt alternatives such as soy and pea protein - in its home market this year.
‘With the right incentives, there is scope to increase the use of recycled content’
The UK government has launched a consultation to help shape its proposed plastic packaging tax, highlighting its aim to drive higher use of recycled content in packaging.
The New Zealand Taxpayers' Union and free-market group the New Zealand Initiative have voiced their opposition to a sugar tax in the country, based on the findings of a government-commissioned report.
The Philippines' Tax Reform for Acceleration and Inclusion (TRAIN) law, which includes a new sugar tax, came into effect at the turn of the year, bringing with it a wave of confusion in the Philippines' drink sector.
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.
Vietnamese beverage firms have hit out at proposals for a special consumption tax on sweetened drinks, saying their production would be badly hit by the move.
The Irish government confirmed it plans to push ahead with the introduction of a sugar tax this April, despite industry calls for the move to be delayed.
Health taxes that add 20% to the price of products are likely to be effective, but policymakers need to be transparent about where revenues end up, according to new research.
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?
Mexico’s sugar tax may have influenced beverage purchase decisions of Mexican households in urban areas, according to a follow up study by University of North Carolina Chapel Hill researchers.
Every EU country is battling with obesity, but is 2017 set to be the year that many more governments move from the comfort zone of industry-led “nudge” tactics to blunt policy tools that push manufacturers to reformulate?
Philadelphia's new soda tax violates state law, says the American Beverage Association (ABA), which is preparing to take legal action to challenge the levy.
An international group of 50 medical professionals has united to call on Indian lawmakers to sign off on a proposed sin tax on sugar-sweetened beverages.
By Katherine Rich, chief executive of the New Zealand Food and Grocery Council
In January, the much respected British Medical Journal published a paper which aimed to test the success of the Mexican sugar excise tax, which had been levied on sugar-sweetened drinks.
Coca-Cola would have “no option” but to consider shutting down some of its Indian factories if the government accepted a recommendation to place a significantly higher GST rate on aerated drinks.
Support for a Philippines tax on sugary soft drinks to boost government coffers and rein in an increase in lifestyle is growing as legislation passes through parliament.
All the evidence shows that sugar taxes decrease purchases and curb obesity– but restricting price promotions and junkfood advertising could have an even bigger impact, concludes Public Health England's report to the UK government.
The cost of alcohol use to the government in England has been over-stated by public health campaigners, and in fact the revenue from taxes outweighs such costs to the tune of £6.5bn, according to a report from the Institute of Economic Affairs.
An excise tax on sugary drinks would be an effective way of improving the health of those who drink high amounts of the beverages, according to an Australian study.
Molson Coors insists it fully complies with UK tax regulations after research organization Corporate Watch and The Independent claimed the company has avoided paying up to £67m ($108m) in UK corporation tax.
Unite the Union says the use of a legal loophole that it claims allows large multinationals such as Diageo to reduce tax payments on UK profits 'simply isn’t acceptable'.
PepsiCo has won a US Tax Court judgment against the US Internal Revenue Service (IRS) which claimed the firm owed it circa. $363m in unpaid tax relating to operations in Europe and Puerto Rico.
Australia’s Premium Wine Brands and Treasury Wine Estates call on the government to reform the current value-based levies and abolish the wine equalisation tax (WET), as the country’s tax summit looms on the horizon.
UK consumers have lost their taste for beer in the third quarter as supermarket sales slump more than 10 per cent, according to data published by the British Beer & Pub Association.
Russian proposals to introduce substantial tax increases on vodka have come in for criticism as industry representatives warn that tax hikes encourage illicit trade and often fail to reduce overall alcohol consumption.
