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Mauricio Cárdenas, Former Minister of Finance and Public Credit, Colombia and Distinguished Visiting Fellow, Center for Global Development
Victoria Perry, Deputy Director, Fiscal Affairs Department, International Monetary Fund
Masood Ahmed, President, Center for Global Development
Amanda Glassman, Chief Operating Officer and Senior Fellow, Center for Global Development
More than ten million deaths each year are associated with consuming just three products: tobacco, alcohol, and sugary beverages. Most of these deaths occur in low- and middle-income countries. We know that taxes are a cost-effective way to reduce consumption, save lives, and raise domestic revenues. Yet taxes on these harmful products are still low in most countries. Raising the prices of these products by 50 percent could avert an estimated 50 million premature deaths worldwide and raise $20 trillion in new revenues over the next 50 years.
What is standing in the way? How can developing country governments implement excise taxes in a way to maximize revenue intake and health outcomes? What are the implications for achieving the Sustainable Development Goals in terms of improving health and domestic revenue mobilization? Join us at CGD to hear this expert panel discuss the policy and real-world implications of fiscal policies that address harms through taxation.
Read the report of the Task Force on Fiscal Policy for Health, co-chaired by Michael R. Bloomberg and CGD Board Chair Lawrence H. Summers, here.