Thursday, March 28, 2024

Mixed tax take

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IT’S A MIXED bag as far as the tax on mobile phones and sweetened beverages is concerned.

More than a year after the sweet drink tax was implemented, Minister of Finance Chris Sinckler said that not only had the Government collected less than expected, but they also had not seen a decline in the consumption of the sugary products.

It was a “special” ten per cent excise tax on “sweetened beverages such as carbonated soft drinks, juice drinks, sports drinks, and fruit juices” – items that contained “high-calorie sweeteners”.

“[The tax] has been running just below trend in terms of collection. We haven’t seen a dramatic decline in the use of sweetened beverages yet,” Sinckler told the media after he donated thousands of exercise books to Eagle Hall Primary School yesterday. (AD)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

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