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Christian Bager

Fat tax: Denmark's fat tax strikes again | GlobalPost - 1 views

www.globalpost.com/...-denmark-fat-tax-strikes-again

denmark fat tax government

shared by Christian Bager on 01 Jun 12 - No Cached
  • Denmark first slapped a fat tax on saturated fats. Now lawmakers plan to hit sugar, and even chocolate consumption, in the second wave of its pioneering assault on the country's bulging waistlines and clogged arteries.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      The attempts of government intervention to change the demand of fat in the past and what the government is attempting to repeat now, in order to change the demand of sugar and chocolate. This will also change the supply of the goods, since the tax will hit the producer as well.
  • Denmark will levy an extra six Danish Kroner ($1.05) on every kilogram of chocolate. The tax would go into effect on January 1.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      This section shows the desired price, through the addition of the tax. It also gives a very exact target date for when the tax should be started up. This allows for graphs to be drawn before and after the event.
  • From 2013, lawmakers plan a levy on the sugar-content of processed food set at as much as 24 Kroner ($4.20) per kilogram.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      This shows how over time further taxes will be put on products, showing further change in demand and supply and the SRAS and LRAS.
  • ...6 more annotations...
  • "The new tax on sugar in food will first be implemented from 2013, and the details will be discussed in the coming year,"
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      Showing that further un decided taxes are also going to be implemented.
  • The rationale is to improve the health in the Danish population by giving a stronger incitement to buy more healthy food.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      This shows the reasoning for the change in taxation. However it does not actually show that this will impact the demand of alternative products.
  • It's a trend that could be mimicked all over the world
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      Showing that these taxes may spread into other economies.
  • Danish bakers, famed for their flaky cinnamon pastries, are predictably up in arms.
  • Mike Rayner, Director of Oxford University’s Health Promotion Research Group, said that combining the fat tax with higher taxes on sugary products would prevent people substituting fatty foods with sugary treats.
  • "I think the saturated fat tax by itself would not have been particularly useful, but a saturated fat tax in conjunction with a higher tax on sugary products means they are trying to tackle unhealthy foods on two fronts."
Yihan Li

Republican Lawmaker Considering a Tobacco Tax Increase Bill | StateImpact Idaho - 0 views

stateimpact.npr.org/...ng-a-tobacco-tax-increase-bill

shared by Yihan Li on 11 Jun 12 - No Cached
  • Tobacco Tax Increase
    • Yihan Li
      Yihan Li on 11 Jun 12
       
      Taxation on demerit good 
  • would tack on an additional $1.25 to Idaho’s tobacco tax
    • Yihan Li
      Yihan Li on 11 Jun 12
       
      Massive increase on the tax of tobacco 
  • Supporters estimate the $1.25 per pack increase could raise $50 million for the state as well as encourage people to quit or not pick up the habit
  • ...1 more annotation...
  • Medicaid program at least $83 million each year and cost taxpayers as much as $319 million in other health-related costs annually.
    • Yihan Li
      Yihan Li on 11 Jun 12
       
      negative consumption externalities  (benefit-cost curve) 
  • Yihan Li on 11 Jun 12
     
    Tobacco Tax
samuel_chan

Russian Smoking Ban Takes Effect Amid Dispute Over Higher Taxes - Bloomberg - 1 views

www.bloomberg.com/...dispute-over-higher-taxes.html

shared by samuel_chan on 06 Jun 13 - No Cached
  • The Health Ministry proposed raising the tax
    • samuel_chan
      samuel_chan on 06 Jun 13
       
      Further shift of the supply curve to the left
  • minimum prices for cigarettes
    • samuel_chan
      samuel_chan on 06 Jun 13
       
      Increase in price causing excess supply and a shift to the left for the supply curve
  • Russian Smoking Ban Takes Effect Amid Dispute Over Higher Taxes
    • samuel_chan
      samuel_chan on 06 Jun 13
       
      Increase on sales tax for cigarettes and new minimum price
  • ...2 more annotations...
  • doubts as to the effectiveness of some of the measures.”
    • samuel_chan
      samuel_chan on 06 Jun 13
       
      As smocking is addictive it is a Inelastic good so there may be very little change
  • higher tobacco taxes
Yihan Li

$6 billion-a-year ethanol subsidy dies -- but wait there's more - U.S. News - 2 views

usnews.msnbc.msn.com/...sidy-dies-but-wait-theres-more

shared by Yihan Li on 07 Jun 12 - No Cached
  • America's corn farmers have been benefiting from annual federal subsidies of around $6 billion in recent years, all in the name of ethanol used as an additive for the nation's vehicles.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      A supply and demand diagram showing how the loss of subsidy should affect price
  • thanks in part to high oil prices that make ethanol competitive.
    • Yihan Li
      Yihan Li on 13 Jun 12
       
       Ethanol is a substitute good of oil. High price of oil thus make ethanol relatively cheap (Calculate XED if with sufficient data)
  • tax credit
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      tax credit is "sum deducted from the total amount a taxpayer owes to"  
  • ...4 more annotations...
  • tax credit is up to $1.01 per gallon.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      Tax credit, a form of subsidy, keeps the price low and companies profitable. 
  • corn ethanol, which now takes a larger share of the U.S. corn crop than cattle, hogs and poultry, as a factor in driving food prices higher.
  • What the industry doesn’t want to see, however, is an end to a separate tax credit for ethanol made not from corn but non-foodstuffs like switchgrass, wood chips and even the leaves and stalks of corn.
    • Yihan Li
      Yihan Li on 13 Jun 12
       
      Possible evaluations 1) why government wants to keep one type of subsidy while getting rid of the another type? 2) pros and cons of keeping this subsidy 
  • That ends on Jan. 1
    • Yihan Li
      Yihan Li on 13 Jun 12
       
      Possible evaluations 1)pros and cons of having subsidies for ethanol 2)was the subsidy effective 3) why did the government implement this in the first place 4) what could the government have used other than tax credit
klemens koestler

Stateline - Colorado, Washington hope to bring in millions from marijuana taxes but the... - 3 views

www.pewstates.org/...ay-not-materialize-85899475843

shared by klemens koestler on 31 May 13 - No Cached
  • Tax Revenue Estimates From Legal Marijuana May Not
  • klemens koestler on 31 May 13
     
    demand & supply, taxes, revenue, black market
Ryo Sakai

Spain goes from boom to bust in a hectic 10 years - Yahoo! News - 4 views

news.yahoo.com/-years-193837034--finance.html

shared by Ryo Sakai on 31 May 12 - No Cached
  • —Unemployment starts ticking higher. The jobless rate, which stood at 8.3 percent in 2007, jumps to 18 percent in 2009. It is now almost 25 percent. Property prices begin to decline, and the real estate boom eventually bursts, as demand plummets.
    • Ryo Sakai
      Ryo Sakai on 01 Jun 12
       
      Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
  • the jobless rate for those aged between 16 and 24 is 52 percent.
    • Faizal Zubir
      Faizal Zubir on 01 Jun 12
       
      Because of the very high unemployment rate, it is very difficult for Spain to get out of recession. This is one of the reasons why Spain may be forced to ask for a bailout.
  • in sales taxes to get a handle on the size of government debt and appease markets.
    • Faizal Zubir
      Faizal Zubir on 01 Jun 12
       
      Possible evaluation: Higher tax may increase the government's income, but based on Laffer Curve, if the new tax rate is beyond the most effective tax rate, then in reality, income can be lower.
  • ...1 more annotation...
  • —The conservative Popular Party, led by Mariano Rajoy, takes office in December 2011.
  • Ryo Sakai on 31 May 12
     
    Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
J Hwang

London Luxury-Home Price Gains Slow After Property-Tax Increase - 1 views

www.bloomberg.com/...ter-property-tax-increase.html

house prices microeconomics demand

shared by J Hwang on 07 Jun 12 - No Cached
  • J Hwang on 07 Jun 12
     
    -microeconomics -small growth in luxury-home prices in London after the "the government increased a tax on purchases of 2 million pounds ($3.1 million) or more" -consumers must pay more for the same good compared to before - fall in demand -prices of homes/luxury homes were growing -"Europe's debt crisis has prompted overseas investors to acquire real estate in London to preserve their wealth." - homes more scarce, hence increase in price
  • J Hwang on 07 Jun 12
     
    -use of demand/supply curves to show the increase in demand, then show a less increase in demand after taxing
senkoffa

Smokers feel the pinch as France raises taxes (France 24 France) - 0 views

www.france24.com/...ent-debt-beer-economy-hollande

smokers taxes france cigarette Demand & Supply externalities market failure

shared by senkoffa on 02 Jun 13 - No Cached
  • French smokers began paying 6.5% to 10% more for tobacco, as an unpopular price rise went into effect
  • It is not clear whether this price hike will finally push French smokers to quit, as France’s 2008 full smoking ban failed to reduce the number of smokers. The number of 18 to 75-years-olds smokers actually increased by 2 points between 2005 and 2012 to near 30% of the population.
  • French anti-tobacco groups said 40 cents per pack was a modest price hike that would not encourage smokers to stub it out in significant numbers.
  • ...2 more annotations...
  • “A slow and incremental increase, like we’ve seen in the previous five years, has very little effect on consumption,”
  • The last significant drop in the number of daily smokers in France - 27% fewer from 2002 to 2004 – was prompted by a significant price rise in 2003.
Katie Miyoshi

Switzerland : Mexico takes Chinese textile subsidy issue to WTO - Textile News Switzerland - 0 views

www.fibre2fashion.com/...newsdetails.aspx

shared by Katie Miyoshi on 08 Nov 12 - No Cached
  • Mexico
  • has filed a complaint with the World Trade Organization (WTO) over the subsidies provided by China to its textiles and garment sector, according to a statement released by the WTO.
  • exemption in income tax, value-added taxes and municipal taxes,
  • ...2 more annotations...
  • Under a series of trade agreements between Mexico and China, all tariffs on Chinese products, including textiles, were gradually reduced to zero by December 2011.
  • unfair advantage and seriously hurt Mexican textile and garment industry.
grace turner

Study: Tax Cuts Might Drive Income Inequality After All - Jordan Weissmann - The Atlantic - 1 views

www.theatlantic.com/...276394

shared by grace turner on 31 May 13 - No Cached
  • grace turner on 31 May 13
     
    editorial thing
senkoffa

Northern Ireland's new five-pence carrier bag tax (BBC News UK) - 3 views

www.bbc.co.uk/...uk-northern-ireland-22047872

northern ireland plastic bag taxes Negative externalities supply

shared by senkoffa on 02 Jun 13 - No Cached
  • Retailers must now charge shoppers at least five pence for each new single-use carrier bag.
  • The department hopes to see an 80% reduction in the use of carrier bags as a result of the levy.
    • senkoffa
      senkoffa on 02 Jun 13
       
      The goal is to reduce the consumption in plastic bag usage in supermarkets and stores
  • "If we have a wonderful, clean and green country in the north of Ireland, let's protect it," he added. "I think most people will see the benefit of this and most people will embrace this new proposal."
    • senkoffa
      senkoffa on 02 Jun 13
       
      Negative Externalities; Plastic bag will lead to pollution and possible damage to wildlife
  • ...3 more annotations...
  • realised that plastic bags and single use bags were a "threat to our environment".
  • "Although there's been a lot of communication about this there seem to be a few consumers out there not quite ready for it yet.
  • "What we're really talking about here is a culture change and for that to happen it's going to take quite a while to embed, all we're asking for is a bit of patience."
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