Sunday 11 November 2012

Denmark to Scrap World's First Fat Tax

THE SYDNEY MORNING HERALD: Denmark's government will scrap a fat tax it introduced a little over a year ago in a world first.

"The fat tax and the extension of the chocolate tax - the so-called sugar tax - has been criticised for increasing prices for consumers, increasing companies' administrative costs and putting Danish jobs at risk," the Danish tax ministry said in a statement on Saturday.

"At the same time it is believed that the fat tax has, to a lesser extent, contributed to Danes travelling across the border to make purchases.

"Against this background, the government and the (far-left) Red Green Party have agreed to abolish the fat tax and cancel the planned sugar tax." » | AFP | Sunday, November 11, 2012