Bitter results from RCL due to sugar tax
RCL Foods has swung to a full-year loss after problems at its Sugar and Chicken operations negated strong results from its groceries business.
RCL Foods has swung to a full-year loss after problems at its Sugar and Chicken operations negated strong results from its groceries business.
The imposition of a sugar tax introduces a mixed bag of arguments. Whether a sugar tax is the way to go at this stage is, at best, an uneasy argument.
Pravin Gordhan announced tax increase, some tax relief and fresh taxes on the horizon at this years budget. The income tax table for individuals and trusts is attached.
After a R30bn shortfall in last year’s expected tax receipts, a total swing of R38bn is budgeted in this year’s National Budget.
Anthea Jeffery says Trump’s victory suggests that ordinary people are beginning to see through the media’s distortions and want it to go back to its true role.
Free Market Foundation’s Jasson Urbach looks at how well a sugar tax worked in countries like Mexico, France, Iceland and Denmark.
Anthea Jeffery is concerned that the ‘mathematical model’ on which the proposed sugar tax is based rests primarily on five unproven assumptions.
Frans Cronje is concerned that South Africans fought hard to re-assert their freedom from an overbearing state, but such a tax is forcing them to let go of those rights once again.
The proposed tax on sugar-sweetened beverages is no quick fix for South Africa’s complex obesity problem, writes Anthea Jeffery of the Institute of Race Relations.
Latest tax subterfuge is the proposed 2.29c per gram levy on sugar, justified on the grounds of growing South African obesity. Chairman of Coca Cola Sabco, Phil Gutsche, says the sugar tax puts 60 000 jobs at risk.