Popcorn Is Taxed at Three Rates in India. A Nation Says This Is Why We’re a Mess.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2025
0mins
Source: WSJ
Taxation on Popcorn: India's tax officials have implemented a complex three-tiered taxation system for popcorn based on packaging, branding, and flavor, with caramel popcorn being taxed at 18%.
Luxury Product Classification: The high tax rate on caramel popcorn suggests that the government is treating it similarly to luxury goods.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
