Community | October 01, 2011 | 1 comment

DENMARK Levies worlds first FAT Tax... just on foods for now.

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LOrion
Denmark on Saturday became the first country in the world to impose a fat tax after a week in which consumers hoarded butter, pizza, meat and milk to avoid the immediate effects.
"It has been a chaotic week with a lot of empty shelves. People have been filling their freezers," Christian Jensen of an independent local Copenhagen supermarket told AFP.
"But actually I don’t think the tax will make that much difference. If people want to buy a cake, they will buy it. But right now they’re saving money," he added.
The new tax will be levied on all products including saturated fats -- from butter and milk to pizzas, oils, meats and pre-cooked foods -- in a costing system that Denmark’s Confederation of Industries (DI) says is a bureaucratic nightmare for producers and outlets.

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