Bittersweet culmination: Tax on sugar-sweetened beverages
by Rica Ysabelle L. Casiquin
The Philippines, being a tropical country, usually encounters high temperatures come summer time which fall during the months of March and April. Hence, it is not a surprise to know that almost all Filipinos love to indulge in a variety of cold drinks to beat the heat. As a matter of fact, a typical Filipino meal would normally include an ice cold drink such as carbonated drinks - (more commonly known as "soft drinks"), juices and coffee.
Filipinos' daily intake of these kind of drinks also proves that majority has an inclination towards sweet goods and thus, showcase the myriad ways Filipinos enjoy sweets. It is the propensity to indulge the Filipino sweet tooth which leads us to discuss an interesting matter relating to the proposed tax on sugar-sweetened beverages.
Download full article here
© 2023 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.