If sugar tax is not canned, industry could collapse

SA Canegrowers has warned that if the government does not eliminate the sugar tax, the industry will face collapse.

The organisation raised this in a written submission to finance minister Enoch Godongwana, calling on him to not only suspend the increase in the sugar tax, but to eliminate it entirely in light of the crisis in which the local sugar industry finds itself, and the fact that to date, there is no evidence the tax has had a positive effect on obesity levels in the country. ..

just wait.. the carbon tax is coming soon.

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Sugar industry calls for scrapping of sugar tax, againSugar industry body, sa_canegrowers is calling on National Treasury to not only suspend an increase in the sugar tax, but to scrap it entirely to protect the already struggling industry. Moneyweb Matshoba_A
مصدر: Moneyweb - 🏆 5. / 77 اقرأ أكثر »

Sugar industry calls for scrapping of sugar tax, againSugar industry body, sa_canegrowers is calling on National Treasury to not only suspend an increase in the sugar tax, but to scrap it entirely to protect the already struggling industry. Moneyweb Matshoba_A
مصدر: Moneyweb - 🏆 5. / 77 اقرأ أكثر »