The Irish government raised €33m through the sugar tax last year, almost €2m lower than had been forecast. However, the amount raised in 2019 was more than a doubling on the €16.3m raised the year before.
Read the full article on the Journal.ie website
NAM Implications:
- ‘The Department of Finance is generally not in favour of hypothecation of Exchequer receipts’ = ‘No’ (not using tax to educate the consumer)
- i.e. any improvement re the obesity issue will depend on reduced sugar content and higher shelf prices…
