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.
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.
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.
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?
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?
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.
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.
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.
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.