ACCORDING TO AN Irish Independent report today, Health Minister James Reilly is considering a so-called sugar tax on soft drinks.
The Government believes that the excise could double job as a revenue raising mechanism, as well as a measure to curb obesity.
Fizzy drinks are already subject to a 23 per cent VAT rate and any new tax could see the price of a bottle of Cola increase by 20 cent. At the beginning of the year, France introduced a similar duty and expects it to raise an extra €120 in revenue but it angered soft drinks giant Coca-Cola, who pulled out of a planned multi-million-euro investment.
Do you think it is a good idea? Should Ireland introduce a sugar tax?
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