New Soft Drink Tax Likely To Have Long-Term Implications

New taxes on soft drinks containing added sugar or sweeteners have been introduced in France after the proposal was approved by the country's Constitutional Council. The tax was approved on December 28 2011 and came into effect on January 1 2012. The move introduces a levy of EUR0.02 for a 33cl can of soft drink containing added sugar and a lower levy for products containing added sweeteners. The tax on soft drinks with added sugar is expected to raise EUR120mn annually, while the tax on artificially sweetened products is expected to raise EUR40mn. The decision to target artificially sweetened products

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