France’s Constitutional Council has approved a tax on sugary drinks. The tax, which works out to one euro cent per can of drink, is expected to bring in 120 million euros ($156 million) in state revenues.
The tax has been slammed by beverage firms including Coca-Cola France which initially suspended a planned 17-million-euro investment at a plant in the south of France in protest, before the decision was overturned by Coca Cola’s HQ.
For coverage see here. For the overturning of Coca Cola’s initial decision see here.
Both Hungary and Denmark have recently imposed taxes on saturated fat.
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