sugar tax Flashcards
What is excise tax?
excise tax is an indirect tax. It is a tax that is paid to the government usually by the producer but is passed onto the consumer. Included in the cost of the product.
What does excise tax aim to do?
aims to increase the price paid by consumers in order to reduce the amount of demand for the goods.
How much does obesity cost in health care loss?
8.6 Billion
How much of obesity does sugary drinks contribute to?
10% of obesity is caused from sugary drinks
How much would the sugar tax raise yearly?
The tax would produce $500 million a year
How much would the sugar tax cost?
the tax would cost 40 cents per 100 grams of added sugar.
What is a stakeholder?
a group or individual who has interest in, can be positively or negatively impacted by the decisions made by the organisations. Organisations needs to consider all groups and individuals who could be affected.
What are unintended consequences?
Unintended consequences are outcomes that are not the ones foreseen and intended by an action or a decision. These outcomes can be positive or negative.
What are unintended consequences of the sugar tax?
- job loss
- replacing soft drink to alcohol
cost of sugar tax
-job loss
benefits of sugar tax
-reducing obesity
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What is the sugar tax?
the sugar tax is a
Why do governments intervene in economy?
they intervene on undesirable products like cigarettes, gambling because without the tax and rising prices more people can afford it but the higher price makes sales decrease.
