News

FRANCE: Parliament backs soft drinks tax

Most popular

Pernod Ricard in YTD fiscal-2021 - preview

The just-drinks Analyst returns - Apr '21

The just-drinks Analyst returns - Apr '20

Remy Cointreau in fiscal-2021 - results preview

Heineken throws Q1 surprise - analysis

MORE

France's General Assembly has voted in favour of a tax hike on added sugar soft drinks and a lesser rise on drinks containing sweeteners.

The tax was initially expected to raise EUR120m (US$165m) in revenue annually, but it is expected to raise double this amount after the Assembly backed a higher tax rise. In the light of growing pressure to plug the hole in national finances, the tax will be EUR0.02 per 33cl can.

Assembly members also adopted a new tax on soft drinks with sweetners which will raise additional revenue of EUR40m annually. The taxes will begin on 1 January if, as expected, they are approved by the Senate and French president. 

Ministers have said the revenue generated from the taxes will go towards tackling France's rising obesity rates, as well as contribute to reducing agricultural labour costs.

Food industry body ANIA said: "The two 'beneficiaries' of this tax have no common link at all, therefore rendering it unconstitutional." 


Related Content

Why soft drinks companies must have nutrition & hydration as their watchwords - Sustainability Spotlight

Why soft drinks companies must have nutrition & hydration as their watchwords - Sustainability Spotl...

AG Barr issues profits warning over sugar tax slump

AG Barr issues profits warning over sugar tax slump...

If you read only one thing... - This week's must-reads on just-drinks

If you read only one thing... - This week's must-reads on just-drinks...

What's coming up in soft drinks in 2018? - Predictions for the Year Ahead - Comment

What's coming up in soft drinks in 2018? - Predictions for the Year Ahead - Comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?