

The authorities in Mexico are being urged to double the tax on sugary drinks in an attempt to reduce obesity and raise revenue, the Financial Times reports.
The campaign by health advocates and senators is being watched closely by industry groups abroad after Mexico placed a 10 per cent surcharge on sugary beverages three years ago to combat an epidemic of obesity and diabetes.
In the UK, a business group formed this week to lobby against proposals to impose a sugar tax due in 2018, arguing it threatened thousands of jobs and would do little to cut consumption.

Mexico’s tax has raised about $2.5bn in revenues, more than expected. Resilient sales could invite a higher tax burden.
“It’s indisputable that this tax has taken in money well,” said Jorge Terrazas, head of the Mexican soft drink producers association, which represents Coca-Cola and Pepsi bottlers. “But it’s also clear that it hasn’t had any impact on consumption.” According to Canadean, the data service, volume sales of fizzy drinks in Mexico rose 0.5 per cent in 2015 after a 1.9 per cent drop in 2014.
Countries including Australia, Colombia, India, Indonesia, the Philippines and the UK are discussing or planning a similar tax. Coca-Cola calls such taxes regressive because they hit the wallets of poor consumers disproportionately.
To read complete article click here.
Source: ft.com
Comments
more recommended stories
Yucatan registers over 60 infections by Covid in 24 hours
On May 19th, the administration of.
“Live without Drugs” campaign connects with Yucatecan students
The Segey and Fundación Azteca convene.
On Thursday, May 19th, the Mérida Airport registered a total of 54 flights, all on schedule
On Thursday, May 19th, three flights.
Mérida joins the national mourning day for victims of femicide in Mexico
On Wednesday, May 18th at 6:00.
Vila Dosal promotes investments in clean energy for Yucatan
During the last day of his.
Driving under the influence, the mayor of Kinchil is involved in a traffic accident
In an embarrassing situation, the mayor.
3-year-old boy dies at La Raza IMSS hospital in Mexico City apparently due to a suspected case of acute hepatitis
The Hidalgo Health Secretariat confirmed that.
Police arrested two subjects in possession of large quantities of different drugs in Tulum, Quintana Roo
Security forces of the three levels.
Campeche Ministry of Health welcomes Cuban doctors brought by the AMLO administration
Campeche would be benefited from the.
Mauricio Vila signs an agreement with the Confederation of Cataluña
The Governor of Yucatan, Mauricio Vila.
Leave a Comment