11:59 - 31.01.2025
January 31, Fineko/abc.az. Setting VAT rates based on the impact of food on health and climate can stimulate the national economy, reduce emissions, as well as morbidity and mortality, ABC.AZ reports, referring to the findings of a study by the University of Oxford.
Meat taxes are not a new idea, but they are increasingly surfacing in conversations about the future of agri-food policy, especially after Denmark's historic announcement of a carbon tax on livestock production. Stakeholders have been arguing for a long time about the effectiveness of the meat surcharge and how best to implement it.
The Oxford study provides a solution: consider the impact of products on health, the environment and the economy in order to decide how much VAT should be applied to them. According to scientists from Oxford University, this will not only improve public health, but also increase government revenues and help them decarbonize.
