TAXING SUGARY DRINKS COULD RAISE BILLIONS OF DOLLARS IN TAXES, REPORT SAYS 3/17/2017 7:29:30 AM
Taxing sugary drinks could save thousands of lives and raise billions of dollars.
That's according to new research from the University of Waterloo which was commissions by some leading health organizations.
In the report, it says a sugary drink tax, roughly a 20 percent tax that manufacturers would have to pay to make these drinks, would result in 13,000 lives saved and $45 Billion raised in 25 years.
myFM spoke to Courtney-Brooke Laurie, a Public Health Dietician with the Haldimand-Norfolk Health Unit, who says they would need to see more information before jumping on this idea but tells us that sugary drinks certainly is an issue in Ontario and right here in Norfolk.
If a tax like this were to be implemented, Canada would have some research readily available as places like Mexico, France, Belgium, Barbados and much more have a similar tax in place.
The same report shows the soda sales are down, but other sugary drinks are on the rise with energy drinks increasing by 638 percent between 2004 and 2015.
Flavored water increased by 527 per cent during this time as well.
On average, according to the report, Canadians purchase 444 milliliters of sugary drinks every day.