The Danish government is planning to cut taxes on chocolate, coffee, and cocoa-containing products in an effort to combat rising food prices.
Food prices in Denmark have increased by nearly 6% from a year ago, making them among the highest in Europe. The proposed tax cuts are the largest on groceries in Denmark in more than a decade and aim to alleviate the financial burden on consumers by reducing high grocery prices and providing them with extra cash.
The tax cuts will apply not only to chocolate and coffee but also to all products containing cocoa, such as sugary cereals, cakes, and candy.
The Danish government's decision to cut taxes on these goods contrasts with other countries that are raising food costs through tariffs.
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