Tags: Plastic Packaging Tax

Proposed Plastic Packaging Tax is a Credit Negative for Manufacturers – Moody’s Report

The government declared a consultation for a possible tax for plastic packaging product that contain less than 30th of recycled content. Ratings agency Moody’s aforesaid the projected tax is credit negative for plastic packaging makers as a result of it disincentivises the utilization of plastic packaging and intrinsically has the potential to cut back trade…