I don't eat much sugar at all. In my experience, sugar and starch cause me to become fat and lazy. So I drink bitter coffee by day, red wine at night and water when I train. So I'm personally not too stressed about government's plans to tax the consumption of sugar in the same way it taxes cigarettes and alcohol. Selfish of me perhaps? (for the record though, I don't think the amount of sugar I put in my tea, or how many hours I spend watching TV or whether I spend enough time in gym are the … [Read more...] about Sugar Tax, GDP and quantifying quality
sugar tax
Sugar Tax: How much extra that litre of Coke will cost
As the debate over imposing a tax on sugary beverages commenced on Tuesday, Members of Parliament (MPs) heard of concerns that the intake of sugar-sweetened beverages in South Africa was increasing steadily. MPs were told that the intake of sugar-sweetened beverages was linked to obesity, which is a global epidemic, and that tax measures were needed to curb consumption behaviour. The debate ensued when Parliament’s Standing Committee on Finance and the Portfolio Committee on Health held … [Read more...] about Sugar Tax: How much extra that litre of Coke will cost
The proposed Sugar Tax is ‘murderous’
BEV SA (Beverages South Africa) members today hit back at the Sugar Tax proposed by Finance Minister Pravin Gordhan in his February 2016 budget speech. Bottlers slammed the proposed tax for it's targeting of the Sugar Sweetened Beverages market (SSB) saying that SSB accounts for only 3% of the daily kilojoules consumed by South Africans. Representatives from Coca Cola, Twizza and Refreshhh all slammed the proposed tax as discriminatory and opportunistic. Beverages Africa Chairperson, Phil … [Read more...] about The proposed Sugar Tax is ‘murderous’
In a Nutshell
Despite the rise in taxation on CGT and transfers of property over R10 Million, an increase in Social grants of up to R90.00 monthly and a decrease in taxation for lower and middle income earners seems as though the rich will still carry on getting richer. The 2016 Budget sees a reduction of R5.65 billion in personal income tax payable by individuals. This Budget provides for some changes to personal income tax, including adjustments to the three lower taxable income tax brackets and … [Read more...] about In a Nutshell
