Emotions always run high when new taxes are levied, and the “sugar tax” is no exception. In one corner we have the Department of Health aiming to reduce diseases like obesity, diabetes, heart disease etc. In the other we have the sugar industry, forecasting job losses and taking issue with the Department’s assertion that there is indeed an inherent correlation between sugar consumption and NCDs.
Regardless, the sugar tax kicks in on 1 April, leaving the question of whether it will affect our overall tax burden; and if so, how?
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