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Experts weigh in on why 'sugar tax' needs to be inc... dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
HILARY JOFFE: If sinning there will be, the wages ought to come to the Treasury timeslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timeslive.co.za Daily Mail and Mail on Sunday newspapers.
Experts call for a 20% sugar tax hike to boost health Experts are calling for a 20% hike in sugar tax due to the health sector s ongoing battle with the COVID-19 pandemic. Sugar tax hike According to the SABC, the proposal comes as Finance Minister Tito Mboweni is due to deliver the 2021 Budget Speech next week. Experts say a further increase in sugary beverages will not only result in a reduction in communicable diseases like diabetes, but it will also help support the country’s growing tax collection shortfall. Government currently projects a R300 billion shortfall in revenue in this year’s budget. However, experts say a significant shortfall in the region of R250 billion is still on the cards. They add that the government has lost out on sin tax collections due to the ban on alcohol and cigarettes sale during the lockdown. ....
Tax on tobacco, alcohol and cool drinks works well moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.