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    Home > Food News > Food Articles > South African wine industry calls for government tax cuts

    South African wine industry calls for government tax cuts

    • Last Update: 2021-03-18
    • Source: Internet
    • Author: User
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    According to a report on the South African Daily Business Daily website on February 21, the South African foodmate.
    net/tag_4016.
    html" class="zdbq" title="Alcohol-related food information" target="_blank">Liquor Brand Owners Association expressed the hope that Finance Minister Mboveni would implement tax cuts on liquor sales.
    Tax cuts are not only in the interests of the alcohol industry, but will also prevent the decline in alcohol sales, thereby preventing the decline in taxes caused by foodmate.
    net/tag_955.
    html" class="zdbq" title="Prohibition related food information" target="_blank">Prohibition .
    The South African Ministry of Finance predicts in its mid-term budget policy statement that the alcohol sales ban will reduce the consumption tax from nearly 47 billion rand in 2019 to 33 billion rand.
    However, the South African Medical Research Council stated that from a health perspective, raising the excise tax on alcohol, cigarettes and sugary beverages is a very effective way to recover the costs associated with the consumption of these products at a relatively small social cost.
    .
    Part of the consumption tax should be used to solve the harm of alcohol, or the government can consider levying an additional 1% to 2% tax on the basis of the consumption tax to establish a health promotion organization.
     
    According to a report on the South African Daily Business Daily website on February 21, the South African foodmate.
    net/tag_4016.
    html" class="zdbq" title="Alcohol-related food information" target="_blank">Liquor Brand Owners Association expressed the hope that Finance Minister Mboveni would implement tax cuts on liquor sales.
    Tax cuts are not only in the interests of the alcohol industry, but will also prevent the decline in alcohol sales, thereby preventing the decline in taxes caused by foodmate.
    net/tag_955.
    html" class="zdbq" title="Prohibition related food information" target="_blank">Prohibition .
    The South African Ministry of Finance predicts in its mid-term budget policy statement that the alcohol sales ban will reduce the consumption tax from nearly 47 billion rand in 2019 to 33 billion rand.
    However, the South African Medical Research Council stated that from a health perspective, raising the excise tax on alcohol, cigarettes and sugary beverages is a very effective way to recover the costs associated with the consumption of these products at a relatively small social cost.
    .
    Part of the consumption tax should be used to solve the harm of alcohol, or the government can consider levying an additional 1% to 2% tax on the basis of the consumption tax to establish a health promotion organization.
    foodmate.
    net/tag_4016.
    html" class="zdbq" title="Alcohol-related food information" target="_blank">Alcohol foodmate.
    net/tag_955.
    html" class="zdbq" title="Prohibition related food information" target="_blank">Prohibition
     
      
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