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Hesi-study-guide-Hesi-Maternity-Peds Questions and Answers 100% Research $14.49   Add to cart

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Hesi-study-guide-Hesi-Maternity-Peds Questions and Answers 100% Research

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  • May 3, 2022
  • 11
  • 2021/2022
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Sugar tax Economic Assessment
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Sugar tax Economic Assessment




Introduction.

To fight the country's significant obesity problem (70 percent of the population is overweight

or obese) and diabetes, the government implemented a "Sugar Tax" on soft drinks in January

2018. The "Sugar Levy," a soft drink tax, was introduced to compel beverage companies to

lower sugar in their products. The tax is 24p for beverages with 8g of sugar per 100ml and 18p

for less than 5g of sugar. Manufacturers must pay the tax to HMRC directly. Firms are

encouraged to reformulate their high-sugar goods to avoid paying the levy. This research aims to

demonstrate that taxing sugary beverages is an effective way to reduce sugar consumption. It

also assesses the economic impact of the sugar tax on soft drinks in the United Kingdom. The

Sugar Tax's purpose is then discussed and its dual implementation in the United Kingdom. It also

suggests several other steps that may be used. The effect of the sugar tax on people's economic,

social, and cultural lives is then discussed.

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