A proposed 5% Federal Excise Duty (FED) on ultra-processed meals has been met with fierce opposition from formal food industry firms. They think the action could hurt tax-paying companies that are already struggling due to falling demand and increased expenses, as well as jeopardize export prospects.
The government is promoting the charge as a “public health measure” to curb the consumption of highly processed and sugary foods, and it is anticipated to be included in the next federal budget. Industry leaders counter that the levy is more likely to harm the nation’s industrial and export basis than to significantly alter the dietary habits of the general populace.
