THE Constitutional Council, the top body in France, has approved the
new soft drink tax levied by the Sarkozy Govt to combat obesity in the country.
This is going to be one Euro Cent per can of drink. It is projected to mop up
about USD 154 mn to the State kitty.
The
Constitutional Court has also given its nod to a hike in the reduced VAT on some
goods and services from 5.5% to 7%.
Global beverage giant Coca Cola has flayed the new levy and suspended its
proposed Euro 17 mn investment in France.
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