Tagged: Economy

NEWS: Japan: Alcohol Tax Hike to Address Debt

Consumption tax is set to rise to 10% from the current 8% by October 1, 2019 in Japan. This tax hike is applied to alcohol as well. The tax hike will not affect food in general and several other products but will affect alcohol, dining out and commuter passes among others…

NEWS: Baltics: Alcohol Tax Race to the Bottom Unfolding

The Baltic region has begun a race to cut alcohol taxes. Sparked by the recent move by Estonia to slash alcohol taxes, neighboring Latvia and Finland are also considering tax reductions.
Cross-border trade is a serious concern in the close-knit Baltic region. Recently Estonia announced plans to cut its alcohol taxes, a move likely to have negative consequences for levels of alcohol harm in the country – but it appears to have sparked a race to the bottom across the region…

REPORT: Use of Economic Evidence in Support of Policy for Funding NCD Interventions

Spending on NCD action must be done through domestic funding as well as through catalytic investments and innovative financing options such as the proposed NCD and Mental Health Catalytic Trust Fund are crucial in meeting the current needs. Health authorities can use economics to communicate challenges and solutions in a manner that resonates with other sectors…

NEWS: New Booklet: 12 of 17 SDGs Impacted By Alcohol

New IOGT International booklet released: Alcohol and the Sustainable Development Goals – Major obstacle to development.
Alcohol is an obstacle to achieving 12 out of 17 SDGs…

NEWS: Ghana: Alcohol To Deal With Hardships

Ghanaians consume more alcohol to get over increasing economic hardships
The slowdown of the Ghanaian economy is fueling an increase in volume of sales of alcoholic beverages as consumers shift their spending to discretionary items, according to Lampe Omoyele, Managing Director of Nielsen West Africa…

NEWS: Australia: Alcohol Tax Overhaul To Bolster Budget

Modest but necessary changes to Australia’s alcohol tax regime would deliver a $2.9 billion revenue boost to the Turnbull Government, and an even greater windfall for the health of the nation. New economic modelling has found that a ten per cent increase to all alcohol excise, combined with changes that would tax wine more equitably, would result in a 9.4 per cent reduction in alcohol consumption, with a corresponding reduction in alcohol harms. A new report outlines how Australia would benefit from a new framework of taxing alcohol, which would include an overhaul of how wine is taxed and adding 10% to current excises…

NEWS: New Report: TTIP, ISDS, Implications For Public Health

A new report of the Irish Cancer Society concludes that the economic benefits from the Transatlantic Trade and Investment Partnership (TTIP) are too small or speculative to justify the associated social and public health risks. The report also recommends negotiating TTIP without any form of ISDS…

BLOG: Higher Alcohol Taxes Create More Jobs

The new research gives advocates for evidence-based alcohol policy measures another strong argument to counter Big Alcohol myths about the negative impact of alcohol regulations on the economy…

With the evidence that is now piling up, I think that advocates for public health, societal development and economic sustainability can feel confident in including alcohol policy measures, such as taxation, into the mix of measures that yield benefit across different sectors. This is what we in IOGT International are convinced about: evidence-based alcohol policy measures are useful (and too often still under-used) tools for making the world a better place…