1
The Revenue Framework / Re: Food for thought- excise taxes on sugar and salt now termed health taxes
« Last post by John Short on November 17, 2024, 14:37:56 GMT »Interesting article which uses terminology of health taxes for specific excise taxes rather than sin taxes!
Health taxes: missed opportunities for health and health-care financing
Helen Clark Cathrine Lofthus Robert Marten Kumanan Rasanathana
Short introduction
Every year more than 10 million people die unnecessarily from consuming tobacco, alcohol, and sugary beverages. In the wake of the COVID-19 pandemic and other crises constraining fiscal space, financing for health care and social services is stagnating or facing cuts, endangering the achievement of the Sustainable Development Goal (SDG) targets. Yet, a new report from the Task Force on Fiscal Policy for Health, supported by Bloomberg Philanthropies, aiming to address the growing global burden of non-communicable diseases, shows that governments globally are missing the opportunity to implement a simple solution: a one-time tax increase on tobacco, alcohol, and sugary beverages (so-called health taxes); raising prices 50% would raise US$3•7 trillion over the next 5 years—$2•1 trillion in low-income and middle-income countries and $1•6 trillion in high-income countries. These resources could be used to invest in and realise the recent UN Summit of the Future's call to “turbo-charge” the full achievement of the SDGs before 2030.
Full article at Health taxes: missed opportunities for health and health-care financing - The Lancet Volume 404, Issue 10466p1905-1907November 16, 2024
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(24)02427-9/fulltext?dgcid=raven_jbs_etoc_email
Health taxes: missed opportunities for health and health-care financing
Helen Clark Cathrine Lofthus Robert Marten Kumanan Rasanathana
Short introduction
Every year more than 10 million people die unnecessarily from consuming tobacco, alcohol, and sugary beverages. In the wake of the COVID-19 pandemic and other crises constraining fiscal space, financing for health care and social services is stagnating or facing cuts, endangering the achievement of the Sustainable Development Goal (SDG) targets. Yet, a new report from the Task Force on Fiscal Policy for Health, supported by Bloomberg Philanthropies, aiming to address the growing global burden of non-communicable diseases, shows that governments globally are missing the opportunity to implement a simple solution: a one-time tax increase on tobacco, alcohol, and sugary beverages (so-called health taxes); raising prices 50% would raise US$3•7 trillion over the next 5 years—$2•1 trillion in low-income and middle-income countries and $1•6 trillion in high-income countries. These resources could be used to invest in and realise the recent UN Summit of the Future's call to “turbo-charge” the full achievement of the SDGs before 2030.
Full article at Health taxes: missed opportunities for health and health-care financing - The Lancet Volume 404, Issue 10466p1905-1907November 16, 2024
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(24)02427-9/fulltext?dgcid=raven_jbs_etoc_email