KERALA ‘FAT TAX’ COULD DEPRESS MEAT SALES IN SOUTHERN INDIAN STATE
July 1st, 2016
Meat product sales in the southern Indian state of Kerala are expected to fall after the imposition of a new 14.5% ‘fat tax’ on western-style fast food items.
“The tax on food products, which are prepared and sold in branded restaurants like burgers, pizza, tacos, doughnuts sandwiches, burger-patties, pasta and bread-fillings and other items, extra tax of 14.5% will be added as a fat tax,” said T M Thomas Issac, Kerala’s communist finance minister in his budget speech in the state assembly on July 8.
This sudden move by the newly elected leftist ...
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