31 Dec '11, 4am

New Soda Tax In France: Answer to Obesity and Debt Crisis? | Care2 Causes

New Soda Tax In France: Answer to Obesity and Debt Crisis? | Care2 Causes

Earlier this year, countries like Hungary and Denmark decided to apply new taxes to unhealthy foods. Now France is following suit by imposing a soda tax. Starting on January 1, 2012, the so-called “cola-tax” will be applied to all sugary soft drinks, including big global brands like Coca Cola and French brands like Orangina. According to Agence France-Presse , the tax of around one Euro cent per can is expected to bring in tax revenues of 120 million Euros ($156 million). For a government that needs to find 100 million Euros in savings to balance its budget by 2016, taxing the sweet tooth of the French populace may seem like a great way to kill two birds with one stone — bring in more tax revenues and decrease obesity. But will a one cent per can tax be enough to actually change the habits of the French? That remains to be seen. The small increase in price as a result of t...

Full article: http://www.care2.com/causes/new-soda-tax-in-france-answer...

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