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Red Meat Could Be the Next Sin Tax After Sugar, Fitch Says

Aug. 13, 2019, 5:21 PM

Meat could be a target for higher taxes given criticism of the industry’s role in climate change, deforestation and animal cruelty, according to a report by Fitch Solutions Macro Research.

The idea is still its infancy and faces a lot of opposition from farming groups, but it’s emerging as a trend in Western Europe, said the research group. If taxes gain traction, it could encourage more people to switch to poultry or plant-based protein and help drive the popularity of meat substitutes.

“The global rise of sugar taxes makes it easy to envisage a similar wave of regulatory measures targeting ...

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