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[62] [63] The tax, which is 0.0716 euro per liter, applies to both regular and diet soft drinks, flavored mineral water, and fruit juices with added sugar, but does not apply to mineral water and 100% fruit juices (i.e., those with no added sugars). [63] Following introduction, soft drinks were estimated to be up to 3.5% more expensive. [64] [65]
However, the data also showed that the Soft Drinks Industry Levy- a tax introduced in 2018 to combat childhood obesity – has made progress. For products subject to the tax, the percentage change ...
A sin tax (also known as a sumptuary tax, or vice tax) is an excise tax specifically levied on certain goods deemed harmful to society and individuals, such as alcohol, tobacco, drugs, candy, soft drinks, fast foods, coffee, sugar, gambling, and pornography. [1]
The Beverages - Soft Drinks industry witnesses headwinds from supply-chain disruptions and higher input costs. Innovative product introductions are likely to aid companies like KO, PEP, KDP and MNST.
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The term "soft drink" is a category in the beverage industry, and is broadly used in product labeling and on restaurant menus, generally a euphemistic term meaning non-alcoholic. However, in many countries such drinks are more commonly referred to by regional names, including pop , cool drink , fizzy drink, cola , soda, or soda pop .