Cola giants Coca-Cola and PepsiCo have hit out at proposals by the Mexican
government to add an additional 20% tax on soft drinks.
USA: Cola-giants lobby tax proposals
Cola giants Coca-Cola and PepsiCo have hit out at proposals by the Mexican government to add an additional 20% tax on soft drinks. According to a report by the Financial Post newspaper both Coca-Cola and PepsiCo are lobbying against the proposals, claiming it will be as harmful to the poor as raising the price of rice, beans and tortillas.