French 'Cola Tax' Approved: Paris Vows to Fight Deficit and Obesity

Officially part of the country's tough austerity measures to combat the debt crisis, France will implement a new "soda tax" on Jan. 1. The legislation is also part of a growing trend in Europe to impose sin taxes on food and drinks associated with poor health and obesity. For French residents fond of sugary drinks like Coca Cola, life is about to get more expensive. The country's top constitutional body, the Constitutional Council, approved a new soda tax on Wednesday. The tax, which works out...Full Story
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