France to double proposed tax on sugary drinks, budget minister says; increase will raise €240M, affect soft drinks, sweetened juices, waters

LOS ANGELES , October 6, 2011 () – France’s budget minister said the country would double a proposed tax on sugary drinks, including soft drinks, sweetened juices and waters, Bloomberg reported Oct. 6.

Budget Minister Valerie Pecresse said the increase would raise 240 million euros (US$320 million).

The tax won’t apply to diet sodas or sugar-free juices.

The primary source of this article is Bloomberg, New York, New York, on Oct. 6, 2011.

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