Sugar industry wants delay on increasing tax crippling the sector

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The sector says the health promotion tax introduced in 2018 has hurt sugar producers and cost jobs

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.South Africa’s struggling sugar sector is pleading with the government to hold off increasing a health promotion tax on the industry until 2030, when a master plan vital to its recovery and long-term sustainability will be finalised.

According to Sasa, the tax cost the industry more than R2 billion and resulted in the loss of 16 000 jobs in its first year of implementation. The association estimates a loss of R720 million a year if the freeze on increasing the tax falls away.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Netflix drama ‘Blood Legacy’ is all about secrets, scandals and sordid sugar businessAdapted from the acclaimed series Monarca, this new addition to the Netflix lineup has quickly captured the hearts of viewers.
Fonte: TheStar_news - 🏆 26. / 59 Consulte Mais informação »