Germany considers VAT increase on candy and soda

Germany considers VAT increase on candy and soda

In an effort to lower its dramatic obesity numbers (with one in two Germans being overweight), the Bundestag has announced its wish to increase the VAT on candy to the standard level of 19 %.

Obtain double mentality change through wallet

The German parliament hopes to battle obesity with this new measure: consumers will (hopefully) buy fewer quantities of candy and soda, while manufacturers will (hopefully) lower their products' sugar levels. "If I reach into people's wallets, I can change something", Elvira Dobrinski-Weiss of the socialist SPD party said. "Personally, I would like a general advertising ban on sweets, like they have in Scandinavia." That will probably not happen, though.

 

There are doubts that the VAT increase will actually help: Hungary and Denmark have already tried to limit the country's fat consumption with a so-called fat tax, but "that failed twice", Georg Wittich of the University of Applied Sciences, Hochschule Niederrhein said. The professor believes the government should focus more on prevention and awareness.

Questions or comments? Please feel free to contact the editors


Slower growth for Primark

18/01/2018

Irish fashion chain Primark’s first quarter turnover grew 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts had forecast higher numbers however.

Zalando's profit is slightly below expectations

17/01/2018

German fashion web shop Zalando has grown nearly a quarter in the past fiscal year and its company profit also nearly grew 5 %, although the latter was slightly below its own expectations.

Record turnover for Yoox Net-a-Porter in 2017

16/01/2018

Online retailer Yoox Net-a-Porter (YNAP) achieved a record turnover in 2017, surpassing two billion euro. That is a growth of more than 10 % compared to the year before, when it just missed that milestone.

Hugo Boss reaches growth targets for 2017

16/01/2018

German fashion brand Hugo Boss has managed to reach its targets for 2017, partially thanks to strong fourth quarter growth. For its full fiscal year, turnover grew 3 % (excluding exchange rate fluctuations).

C&A owners consider sale to Chinese investors

15/01/2018

The Dutch Brenninkmeijer family is considering to sell clothing chain C&A according to German magazine Der Spiegel. One option is to sell to Chinese buyers.

Gucci opens restaurant and museum in Florence

12/01/2018

Fashion brand Gucci has opened a museum and a restaurant for fifty people in Florence. Three-star chef Massimo Bottura will serve high-quality meals there. A dish will cost between 20 and 30 euro.

Back to top