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Officially part of the country's tough austerity measures to combat the debt crisis, France will implement a new "soda tax" on Jan. 1. The legislation is also part of a growing trend in Europe to impose sin taxes on food and drinks associated with poor health and obesity.
French 'Cola Tax' Approved: Paris Vows to Fight Deficit and Obesity
Seeded on Thu Dec 29, 2011 11:38 PM EST
Article Source: SPIEGEL ONLINE
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Now the French government is into what Nabisco, Frito, Coke, etc. and other multinational companies know, that there is a huge profit in foods loaded in fat and salt. It seems people are willing to pay for such crap, enough to make these companies magabucks. France is going to skim some off the top to help its bottom line, much like these companies when they jack up prices just because their bottom line needs a shot in the Wall Street arm.
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#1 - Fri Dec 30, 2011 7:02 AM ESTSo France wants to add an additional tax to their already onerous taxation. Admittedly, it's a pretty trivial tax, but still, it's yet another tax. That sort of tax has been a staple of American life for years; the French are just behind the times.
#2 - Sat Dec 31, 2011 1:53 AM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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