Sugary drink tax third parties (MXC) and so want to consume at the unregulated market equilibrium to maximize their utility. This means that there is overconsumption of sugar and a welfare loss is created. The sugary drinks tax, a Pigovian tax, is a way to correct the negative externality by regulating the consumption of sugary drinks. Without a sugary drink tax, taxpayer money is used to pay for higher health care costs incurred from high consumption of sugar. Although this solution corrects the negative consumption externality, taxpayers that consume sugary drinks moderately and hence do not contribute to higher health care costs, still
Federation of Tax Advisers Federation of Tax Advisers The Federation of Tax Advisers (FTA) is an established professional body concerned with UK taxation issues and is limited by guarantee in the United Kingdom (UK). Its purpose is to encourage the study of taxation and to promote best practice in the administration of taxation in the UK. The FTA regulates professional tax advisers on a voluntary basis. The FTA campaigns for a fairer and less complex tax system. It also provides a qualification and regulatory structure for its members. The IFA provides members with all the necessary tools to successfully operate as tax advisers providing