Excise Duty Increase on Sweetened Beverages Divides Stakeholders

Excise Duty Increase on Sweetened Beverages Divides Stakeholders

Health and financial groups clashed on Thursday over the Senate’s proposed hike in the excise tax on carbonated sugar-sweetened beverages (SSBs). A measure proposing a percentage-based charge per litre to deter excessive sugar consumption was heard in public by the Senate Committees on Finance and Customs.According to Daily Trust, stakeholders are fiercely split on the plan for an upward review of sugar-sweetened beverages (SSBs), which has continued to cause controversy in the political arena. Raising the levy, according to the supporters, was necessary since excessive use of sugar-sweetened beverages has a substantial financial impact as well as negative effects on public health and residents’ well-being.

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