Denmark?s fat tax disaster - the proof of the pudding

The negative consequences of putting 'sin taxes' on products when demand is inelastic are well known. Almost invariably, they hurt the poor more than the rich. They encourage black market activity and cross-border shopping. They lead to compensatory purchasing and brand switching. Although it is politically expedient to portray them as 'nudges' designed to improve society or compensate for negative externalities, they typically act as stealth taxes while doing little to reduce harmful consumption.

Visibility: 

Main blog

Lifestyle economics

Read the full blog post here

Source: http://www.iea.org.uk/blog/denmark%E2%80%99s-fat-tax-disaster-the-proof-of-the-pudding

pensions uk iht annuity rates stakeholder pensions uk retirement