Fat tax

[Maik]

Last week, the representatives of the troika asked high-ranking officials in the Greek Ministry of Finance to calculate the expected revenue created by imposing this new tax on food products that have a high concentration in saturated fats, like butter, crème, milk, cheese, pizza, meat, chocolate, ketchup, mayonnaise and other snacks.

The so-called “fat tax” will range from 8 to 10 percent and will be imposed on the reduced Greek VAT of 13 percent, which was introduced last year for the area of food service also covering those products. The new tax will not be imposed on fish, poultry and turkey, while it still remains unclear if popular Greek fast foods like souvlaki and burgers will be included in the new tax.

As for Greece, first calculations indicate that the state will manage, apart from reducing obesity rates, to raise €640 to €800 million per year from the new tax.

http://greece.greekreporter.com/2014/02/09/my-big-fat-greek-tax/

Looks like another tax that will raise χχχ millions IF people keep buying these products at the new, higher prices.

And, presumably, it won't affect only residents. The troika look quite determined to kill off tourism in Greece.