Tax

“More than two-thirds of Americans across the political spectrum want excise tax relief for the beer industry, which supports more than 2.1 million American jobs.

US House votes to extend craft beverage tax act

By Beth Newhart

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 Portuguese government is proposing a new salt tax next year, on top of its sugar and alcohol taxes. Pic: ©GettyImages/SeanPavonePhoto

Portugal plans tax attack on salty snacks in 2018

By Gill Hyslop

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.

Photo: iStock

Dateline Southeast Asia

Filipino lawmakers voice support for soda tax bill

By RJ Whitehead

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.

“We think there could be bigger impacts from getting a handle on promotions and (...) the deep, consistent advertising our children are exposed to on unhealthy foods,” Tedstone said.

Public Health England tells UK government: Sugar taxes do work

By Niamh Michail

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.

Picture Copyright: Brian Turner/Flickr

PepsiCo savors $363m US tax triumph over IRS

By Ben Bouckley

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.

Australian wine giants call for tax changes

Australian wine giants call for tax changes

By Kacey Culliney

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.

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