Tagged: Taxation

BLOG: Paradise Papers And Beyond: Big Alcohol Big In Tax Schemes

What the Paradise Papers show is that alcohol industry executives think they are above the law. These new leaks show that the alcohol industry is ruthlessly externalizing costs to take home windfall profits, and deliberately scheming to avoid taxation.
It means is that Big Alcohol is leaving societies around the world completely alone with the massive costs from the damage their products cause. In the end, these practices undermine the very fabric and functioning of our societies. When domestic resource mobilization is undermined on this scale and this mercilessly important government functions like providing prevention and treatment for alcohol harm cannot be delivered to the people who need them the most.
In that sense, the leaks reveal more than concrete examples of unethical and anti-social business practices. The leaks also reveal the true face of a rogue industry…

NEWS: Addiction Crisis, USA: Raise Alcohol Taxes

Alcohol abuse is a fast-growing problem in the United States. And it is largely ignored. Higher taxes on beer, wine and liquor could help tackle the problem, writes the editorial board of Bloomberg View…

NEWS: Ireland: Super Cheap Alcohol Fuels Harm

Alcohol Action Ireland is calling on the Irish government to retain the current level of excise duty, to introduce a Social Responsibility levy on all alcohol and demands the immediate enactment of the Public Health (Alcohol) Bill including the Minimum Unit Pricing measure. The calls come among rising consumption fueled by super cheap alcohol generally preferred by young people and heaviest alcohol users…

NEWS: Tobacco Giant Altria Gains Profits From AB InBev

Big Tobacco Gains Profits From Big Alcohol Investment
Altria Group, Inc. recently announced that its board of directors has approved an increase of 8.2% in its quarterly dividend, amounting 66 cents per share as compared with the previous rate of 61 cents…

NEWS: Thailand: Excise Tax Overhaul Affects Alcohol

The new excise tax will mark a substantial change in how Thailand computes taxes for products such as vehicles, alcohol, cigarettes, non-alcoholic drinks, batteries, crystal glass and air conditioners. The system replaces the existing ex-factory prices and cost, insurance and freight (CIF) values with suggested retail prices. The Excise Department hopes that the new basis will create a fairer system for manufacturers and importers after the revelation that some businesses were exploiting ex-factory and CIF values to understate their tax bills…

REPORT: Preventing NCDs With Integrated, Life-Cycle Approach In Maternal And Child Health Services

Maternal and child health service programmes across the reproductive health life-cycle are strongly positioned to play an important role in NCD prevention given early life influences on NCD risks and outcomes. Many non-health sectors can impact NCD risk, and the SDG’s emphasis on multisectorality supports the consideration of NCD risk reduction in many different sectoral programmes…

NEWS: Sri Lanka: Alcohol Tax Hike Unfolds Effects

An alcohol taxation increase, introduced by the government two years ago to curb alcohol-related harm, is showing its effects, as – for example – beer producers report shrinking profits.
Sri Lanka’s Lion Brewery Plc, reported a 315 million rupee profit in the June 2017 quarter helped by 600 million rupee insurance receipt while revenues fell and gross profits shrank after alcohol tax hikes in Sri Lanka are unfolding their effects…

NEWS: Myanmar: Plans To Increase Special Goods Tax

The Ministry of Planning and Finance, the Office of the Attorney General of Myanmar (OAG) and the Pyidaungsu Hluttaw Joint Bill Committee are in deliberations over new draft rules to enact the Special Goods Tax Law.
The Special Goods Tax Law, which was enacted on January 25, 2016, aims to levy taxes on liquor, beer, wine and cigarettes, which are already taxed under the Commercial Tax Law…