Alcohol levy could be disastrous for Lesotho – Wagamang
THE implementation of the proposed 15 percent alcohol levy in the
hopes of collecting M289m to supplement its budget deficit, Lesotho is doing itself a disservice as other African countries that have been down this road have proven that higher levies result in less revenue.
This is according to AB InBev Lesotho representative Sesupo Wagamang.
Mr Wagamang said the Lesotho government will inadvertently leave
itself and its people even more cash strapped when the state coffers
desperately need it.
after sustained overtures by the government to implement a 15
percent alcohol levy and a 30 percent levy on tobacco products.