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Ecuador Considering Junk Food Tax

by Mike Godfrey, Tax-News.com, Washington

15 September 2014


Ecuador plans to introduce a tax on food sold by fast food chains, Ecuadorian President Rafael Correa said on September 4, 2014.

Details of the plans have yet to be disclosed, but Correa said the revenue from the tax will be used to fund health care spending.

According to a 2012 study from the Ministry of Health, 29.9 percent of Ecuadorian children aged between 5 and 11, and 63 percent of adults aged between 19 and 59 are overweight.

At the beginning of this year, Mexico introduced new levies on junk food and soft drinks, and Brazil and Chile are said to be considering similar measures.

TAGS: tax | Chile | Ecuador | Mexico | food | health care | Brazil

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