Controversial 'tax on chips' is enforced in Hungary

By Admin
A ‘chips tax has been enforced in Hungary after the government introduced a new law earlier this week, imposing a levy on foods that are either v...

A ‘chips tax’ has been enforced in Hungary after the government introduced a new law earlier this week, imposing a levy on foods that are either very salty or sweet, news agency AFP is reporting.

The aim of the tax is reportedly an attempt to alter the unhealthy eating habits of Hungarian citizens as part of the ongoing global fight against rising obesity levels.

The Hungarian government is also hoping the tax will earn approximately €76 million annually, the equivalent to $106 million.

Foods such as fizzy drinks, biscuits, sugar-intensive energy drinks and pre-packaged savoury foods have been subjected to the chips tax.

To read the latest edition of Healthcare Global, click here

Responsibility of paying the new tax will fall with the product’s main importer or Hungarian maker.

The parliamentary deputy behind the move, Sandor Font, said: “We give the message to consumers not to eat such unhealthy and expensive flourish.”

Despite only being introduced on Thursday, the tax has already had an effect on businesses.

After the chips tax was announced, the German owner of Chio Chips has apparently abandoned its plans to build a new popcorn factory in Hungary.

Our magazine is now available on the iPad. Click here to download it.

Share

Featured Articles

London, Paris & Cambridge 'Healthcare Finance Capitals'

Pitchbook report shows London, Paris and UK's Cambridge dominated investment in healthcare in Q1 2024, with Israel also bouyant

Philips Future Health Index Report: AI to Cut Waiting Times

Healthcare technology leader Philips says virtual care and AI is turning in an effort to cope with demand in its Future Health Index Report 2024

HCLTech and Olympus Advance AI into the Healthcare Industry

Giants HCLTech and Olympus Corporation, have developed their partnership to utilise technology and AI to transform the healthcare industry.

Cancer Vaccines Breakthrough a Glimpse of Healthcare Future

Medical Devices & Pharma

Change Healthcare Cyberattack Fallout Continues

Health Insurance & Finance

McKinsey: National E-health Initiatives on the Rise

Technology & AI