Food and beverage industry trade leaders laud President Trump’s sweeping tax reform proposals as “bold,” “pro-growth” and as offering “much-needed relief” to American businesses and families.
Mexico’s sugar tax may have influenced beverage purchase decisions of Mexican households in urban areas, according to a follow up study by University of North Carolina Chapel Hill researchers.
Philadelphia's new soda tax violates state law, says the American Beverage Association (ABA), which is preparing to take legal action to challenge the levy.
By Katherine Rich, chief executive of the New Zealand Food and Grocery Council
In January, the much respected British Medical Journal published a paper which aimed to test the success of the Mexican sugar excise tax, which had been levied on sugar-sweetened drinks.
All the evidence shows that sugar taxes decrease purchases and curb obesity– but restricting price promotions and junkfood advertising could have an even bigger impact, concludes Public Health England's report to the UK government.
PepsiCo has won a US Tax Court judgment against the US Internal Revenue Service (IRS) which claimed the firm owed it circa. $363m in unpaid tax relating to operations in Europe and Puerto Rico.
The city of Lakewood in Colorado has implemented state laws to tax candy and soft drinks at 3% while repealing earlier rules to tax a wider variety of foods.
A penny-per-ounce tax on sugary drinks could generate $79bn over a five-year period, according to a revenue calculator developed by researchers at Yale’s Rudd Center for Food Policy and Obesity.
Kraft is likely to have a robust defence in relation to the reported investigation into any tax bill it might be liable for following its takeover of Cadbury in February 2010, claims a UK tax law analyst.
The Center for Consumer Freedom has urged attendees of the Obesity Society’s annual meeting to consider obesity a matter of personal responsibility rather than an issue to be regulated by government.
The controversial idea of taxing sugary soft drinks to combat obesity has been brought up again this week in a report from the Institute of Medicine. But is a soda tax fair? And can it do enough?
The concept of taxing fattening foods has been raised again, this time by nonpartisan policy research organization Urban Institute, in a report that says the tax could help pay for health care reform.
Taxes on sugary soft drinks could actually save taxpayer money through improved health, according to a journal article penned by the New York City health commissioner and a Yale University professor.
Kefir and functional dairy company Lifeway Foods could set up a
manufacturing plant in Canada following strong sales growth in 2003
and a boost to its cash reserves after selling off property.
