Food Industry News

The FAS: a tax on sugary drinks will trigger price increases

The Federal Antimonopoly Service (FAS) of Russia believes that the introduction of the excise tax on sugary drinks can lead to an increase in food prices and a reduction in revenues in the budgets of all levels, reported by RNS The press service of the department.

"Expansion of the list of excisable goods, according to FAS Russia, may lead to higher food prices and deterioration of financial and economic indicators of food industry enterprises due to further reduction of the purchasing power of the population and, as a result, a reduction in revenues to budgets of all levels," reads message.

Anna Mirochinenko, head of the department for control over the chemical industry and agro-industrial complex of the FAS, noted that "if the introduction of excise taxes is considered exclusively from the point of view of replenishing the budget, additional calculations of losses from a reduction in demand for these products and taxes of enterprises engaged in the production of this product should be made here, and related to it production of sugar.

Earlier it was reported that the Ministry of Health supports the introduction of the excise tax on sugary drinks.

The newspaper "Vedomosti" wrote the day before, the Finance Ministry proposes to introduce excise duty on beverages with sugar and / or other sweeteners and flavors in the amount of 5 rubles per liter.

Later, "Vedomosti" reported that the Russian government did not support proposed by the Ministry of Finance are several ways to increase revenues.

See also ... 01/09/2016 Ministry of Health supported the introduction of a tax on sugary drinks 31/08/2016 The Ministry of Finance proposed to introduce an excise tax on drinks with sugar 21/06/2016 The largest Coca-Cola bottler changed its logo30/05/2016 USA: Coca-Cola was allowed to use word zero16/05/2016 Coca-Cola bottler revenue decreased by 2,7% 28/04/2016 The Ministry of Finance is still thinking about excise taxes on sweet drinks23/03/2015 Heineken will produce more kvass in Belarus11/02/2015 The strengthening of the dollar deprived Coca Cola arrived 10/02/2015 Rostov Baltika diluted beer 12/10/2015 Yabloko nadzor 05/11/2015 The court did not support the patriotic advertising of kvass 17/04/2015 Ochakovo challenged the FAS decision 30/11/2012 The Irkutsk Mineral Water Bottling Plant was presented with claims 29 / 05/2012 Igor Sosin will refresh London. The businessman will sell soft drinks in England 18/04/2012 Coca-Cola in the first quarter made a net profit of $ 2,05 billion

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