This week for Insights I wrote about the new "junk food law" in #Colombia that carries with it an interesting ultra-processed food tax. The goal is to use the revenue generated by said tax to subsidize healthier options. The #VAT system means it would result in the prices on healthy options at the shelf being lower. Pretty cool.
It will target ultra-processed foods with an additional 10% surcharge, which will increase to 20% in ’25.
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