Sugar tax increase derails our plans to empower the industry – association

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Finance minister Enoch Godongwana's decision to increase sugar tax has left a bitter taste in the mouth of the sugar producers.

She said the master plan includes a task team which has been set up to investigate and develop an industry proposal for a long-term policy framework and approach to taxation of sugar and sugar-derived products with a view to engaging government on strategies and policies to provide certainty and predictability in support of investment and planning by industry and government.

Mabaso-Koyana said since the introduction of the sugar tax in April 2018, the industry has lost revenue of approximately R1.2bn per season.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines