ARGENTINA: City's Coke sales banned in tax battle
A city in the north of Argentina has banned the sale of Coca-Cola, according to reports from local news agencies.
The city of La Rioja has fallen out with Coke over a tax dispute with a local distributor, EFE News Service reported today.
The Catamarca Rioja Refrescos company is apparently refusing to pay any of the "entry tax" the municipal government is levying on Coca-Cola products they sell.
The ban on Coke sales has been in place since Tuesday the report said.
La Rioja is taxing the distributor 0.3 pesos (10 cents) on every litre of Coca-Cola soft drinks it stocks in its jurisdiction.
"The entry tax is an internal tariff and that is expressly prohibited by the national constitution," Argentine Coca-Cola Bottlers Association chief Wenceslao Luiggi Arias told the business daily Infobae.
Sectors: Soft drinks
- When BRIC markets go horribly wrong
- What's coming up in spirits in 2017? - Comment
- Remy Cointreau's YTD performance - Focus
- Remy Cointreau's bellwether Q3 - analysis
- What's coming up in beer in 2017? - Comment
- Diageo closes spirits e-commerce portal in UK
- A-B InBev acquires Spain's Cervezas La Virgen
- Home entertaining offers drinks opp's - Diageo
- AB InBev targets South Africa with redundancy plan
- Pernod Ricard gives Beefeater 24 packaging revamp
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global gin insights - market forecasts, product innovation and consumer trends
- Opportunities in Craft Spirits
- Global Cognac insights - market forecasts, product innovation and consumer trends