Kerala Just Imposed A 14.5% Fat Tax On All Fast Food Chains

Admin 09-Jul-2016 12:32:03 Inothernews

Kerala Just Imposed A 14.5% Fat Tax On All Fast Food Chains


In perhaps the first of its kind in India, Kerala has introduced a 14.5 per cent 'fat tax' on fast-food and junk food items sold in branded restaurants, reports Business Standard. This means all fast food chains like McDonalds, KFC, Burger King, Dominos, Pizza Hut will be charged 14.5 per cent tax. However, as per reports it doesn't seem to apply to independent restaurants that serve the same products. This announcement was made by the state's Finance Minister, Thomas Isaac on Friday while he was presenting the Pinarayi Vijayan-led LDF government's first budget since they won the assembly elections on May 19. Isaac, however, didn't give any reason for this decision, reports The News Minute. The new budget also makes wheat products in packets such as ready-to-eat chapatis more expensive as it imposes a 5 per cent tax on it, reports Manorama Online. Even basmati rice and coconut oil will get more expensive.



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