Arguements regarding the excise tax on basic foodstuffs periodically arise in Estonia, typically leading to a focused discussion about potential revenue loss for the state. This is a pertinent question. However, the answer is not straightforward as it initially appears.

Revenue generated from the tax depends not solely on the tax rate itself, but also on the overall reaction of the economy. According to Heiki Hallik, a baker and entrepreneur, this complexity requires careful consideration. Foto Arvo Meeks, Lõuna-Eesti Postimees Foto: Arvo Meeks / Lõuna-Postimees / Scanpix

Topics: #heiki #hallik #foto

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