Kiran Mazumdar Shaw Explores the ‘Pink Tax’. Many companies have imposed the Pink Tax through Gander-Based Products, and the product prices are higher than men’s. This is a detailed report about the Pink Tax and how to Avoid it. Let’s discuss.
People are usually aware of various taxes, such as the Goods and Services Tax (GST), Incontacts, and Service Tax. However, many people might not be familiar with the term “pink tax.” This term has been trending recently, and it mainly affects women.
It means that women have to pay more for the same products than men. This issue has been highlighted in the past, but it has recently become a trend again, with a viral video posted on social media by Kiran Mazumdar Shaw, the executive chairman and founder of Biocon.
In her tweet, she questioned why women have to pay more than men for the same products in the same category. This is what is referred to as the “pink tax”. Everyone should unite against gender discrimination and not purchase products that are subject to this tax. It is important to note that the pink tax is not a tax imposed by the government but rather the price difference between products for men and women, with women often paying more.
Have you ever wondered why women must pay more than men for certain products? This is what’s known as the “pink tax”, and it is imposed by many companies. Unfortunately, not everyone is aware of this issue. Products exempt from the pink tax include soaps, lotions, creams, and deodorants. The pink tax can be seen as a form of gender-based price discrimination.
What is the PINK Tax
It is common for women to be charged more than men for the same product in quantity. Let me provide you with some examples to illustrate this. Suppose there is a 4.8-gram lip balm from a popular company. Even though it is the same size and company, men can buy it for Rs. 165, while women must pay Rs. 250. This means women have to pay 51.5% more than men. When it comes to a plain razor, men can buy it for Rs. 70, while women have to pay Rs. 115. There are many other products where this happens as well.
It has been argued that the “pink tax” refers to an unseen fee that is only applied to products designed and packaged specifically for women. Numerous studies have shown a significant disparity in the prices of similar products marketed to men and women.
Salons charge significantly higher prices for women than men’s haircuts.
How to Avoid Pink Tax
To avoid the pink tax, one must be careful with attractively packaged products in the shade of pink. It is better to buy common items instead. The items should be carefully selected, especially when there is a big difference in benefits. Be careful when buying perfumes, pens, bags, razors, clothes, etc.
