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.
more recommended stories
Tropical Storm Cristobal could gain hurricane strength in the Gulf of Mexico
Patch (June 2, 2020).- The tropical.
Obama Calls for Progress on Police Reform
The former president discussed the nation’s.
It remains a ‘shocking failure’ that African Americans are ‘harassed and threatened in their own country’ (George W. Bush)
Former President George W. Bush in.
New Ebola outbreak detected in the Democratic Republic of the Congo
The Government of the Democratic Republic.
The oldest and largest Mayan monumental structure known to date discovered.
Researchers relate the construction to the.
Civil Protection places Yucatan on Yellow Alert due to tropical storm ‘Cristobal’
In a timely manner, Civil Protection.
López Obrador highlights Campeche’s economic potential
President Andrés Manuel López Obrador highlighted.
Judge suspends construction of Grupo Posadas hotel in Chemuyil, Quintana Roo
On May 8, the judge granted.
Houston police chief gets praise after advising Donald Trump ‘to keep his mouth shut’ (VIDEO)
In a clip of an interview.
223 deaths and 1933 COVID-19 cases registered so far in Yucatan
The Ministry of Health reported that.