Excise Tax on Health-related Goods and Services

Excise tax on health-related goods and services is a specific tax applied to certain products and services that can affect public health. This tax aims to discourage consumption of items like tobacco, sugary drinks, or alcohol, encouraging healthier choices. The revenue generated from this tax is often used to fund health programs or services that benefit the community. Essentially, it’s a financial measure designed to promote public health while also raising funds for health-related initiatives, impacting both consumer behavior and government health budgets.