Negative Externality of production with indirect tax.

Words: 242
Pages: 1
Subject: Uncategorized

The economic commentary is based on this article: France tackles obesity by hiking ′soda tax′ on sugary drinks The Local fr. France’s news in English. Ben McPartland 27 October 2017 Photo: AFP The cost of a can of soda or fizzy drink is expected to rise significantly in France after French MPs overwhelmingly backed a new hike in taxes on sugary beverages. ″The only objective is to boost the health of children and reduce the risks of obesity and type 2 diabetes,″ said French MP Olivier Veran, who was behind the bill. The new tax, which is part of the government′s 2018 Social Security budget, is an update of the initial ″soda tax″ that was brought in in 2013. That levy saw all fizzy drinks with added sugar taxed at €7.5 euros a hectoliter (equal to 100 liters). But according to MPs it failed to have enough of an impact in persuading drinks makers to cut down on the sugary content of drinks. French MPs conscious that World Health Organization has been advising cou

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