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A sugary drink tax, soda tax, or sweetened beverage tax (SBT) [1] [2] [3] is a tax or surcharge (food-related fiscal policy) designed to reduce consumption of sweetened beverages by making them more expensive to purchase.
Taxing sugary drinks cuts consumer sales by a third, according to an analysis of tax plans in five US cities.
Around the United States, sugar-sweetened beverage intake differs based on geographic regions and socio-demographic characteristics. For example, 47.1% of Mississippi adults consume at least one sugar-sweetened beverage a day. [20] A sugary drink tax was recommended by the Institute of Medicine in 2009. [8]
The proposed sugar tax plans were also scrapped. [37] While this tax was a failure in terms of changing consumer habits overall, it did achieve some of its goals in the short term. According to a research collaboration done by Oxford University and Copenhagen University, it was found that 4% less saturated fat was bought and more fruit and ...
"Levies on sugary drinks could increase over time as tax proposals may meet less resistance in an improved economy," says Kwon. Lately, beverage companies have been doing well. According to ...
Mexico implemented a sugary drinks tax in 2014, which has shown to be effective in reducing consumption, the researchers stated. "Much more needs to be done, especially in countries in Latin ...
Soft drink size limit protest sign placed on a delivery truck by New York's Pepsi bottler. The sugary drinks portion cap rule, [1] [2] also known as the soda ban, [2] was a proposed limit on soft drink size in New York City intended to prohibit the sale of many sweetened drinks more than 16 fluid ounces (0.47 liters) in volume to have taken effect on March 12, 2013. [3]
Excise taxes are specific taxes applied to production, distribution or sale of a commodity or service, such as alcohol, tobacco, gasoline, sugary drinks, marijuana, plastic bags, indoor tanning, bicycles, firearms, and gambling.