A Successful Implementation Of Soft Drink Tax In France Could See It Copied Across Region

A French proposal to increase the value-added tax on sugary soft drinks has been criticised by the Union of European Soft Drinks Associations (UNESDA). The proposal put forward by a member of parliament for the ruling UMP party suggests that VAT on soft drinks should be increased from 5.5% to 19.6%, with the proceeds used to fund social security payments to farmers. Such action could have a fairly significant impact on the country's carbonated soft drink sector, which unlike many in Europe, continues to register growth (see chart). Perhaps more significant is the precedent that could be set if the

To read the full article, please choose one of the following options: