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FAT TAX

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Team Members Deepal D Mattathil Anand Balachandran Senthil Sree Surya Sk Chithra kk Athira Davis Aishwariya Anil kumar Anjana K s SCMS College,Cochin

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What???•Obesity tax•Adds cost to foods with high calories & fat•14.5% tax in branded restaurants•Decrease the consumption of fast food.

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•Kerala is the first state in India as well as in Asia to introduce a "fat tax" on burgers, pizzas, doughnuts and tacos served in branded restaurants. The recently-elected Communist government says the 14.5% tax is aimed at making people more conscious about food choices and curbing obesity.

Tuxedoes

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Are we FAT enough to pay TAX ??!!

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FATISTICS • . A recently compiled survey by market research firm AC Nielsen has put Kochi at number 1 in India with 46% incidence of obesity and Bangalore close behind at No.2 with 43% incidence.• The all-India survey was conducted on 30 million people. As for the other two South cities, Chennai scored 38% while Hyderabad 30% incidence of obesity.

05/02/2023 Tuxedoes 9Kochi Bangalore Chennai Hyderabad

59%71%

53%67%

25%

43%

8%

38%

FATISTICSFried and Fatty Junk

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FATISTICS• It is also said that 33% of those in Chennai did not do or never intend to do anything to control their increasing weight followed by 22% in Bangalore, 17% in Kochi and 15% in Hyderabad.

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EATING OUT

While 36% of Bangaloreans said that they eat out at least once a week, it is 17% in Hyderabad. While 6% in Bangalore said that they eat out every day, the figure is 14% for Hyderabad. In Chennai, 2% people surveyed said that they eat out every day, while in Kochi it is 10%.

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Result of fat tax in Denmark•Board tax on all foods

•Saturated fat content above 2.3 per cent

•Danes switch to lower fat cheese & diary products

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•In 2013, it was introduced

• after 15 months it was abolished.

•Failure was also due to financial reasons

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•Numerous complaints from Danish retailers

•Customers were taking business to other

countries

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Pros & Cons of Fat Tax

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Cons•Regressive nature of tax•Not imposed on other fatty foods like Biriyanis, Porottas, packaged sausages, ,samosas served in local restaurants.•It doesn’t solve the problem of obesity in overall population.

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Pros•Increase in tax revenue.•Reduction in external cost.•Healthier foods as a substitution.

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TUX SURVEY

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FINDINGS What we have observed is :

1. Unawareness2. Some knowingly consumes it3. Habits and life style4. Guiding out from the junk food trend

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Conclusion

Fat tax – fact or fiction

Our Information SourceField survey by tuxedoesDr FaizalNational family health(NFHS)Wallstreet Clemens Bomsdorf journel

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Thank you05/02/2023 Tuxedoes 22

Mentored by : Catherine Mary Mathew