Saturday, June 25, 2016

PHILADELPHIA BECOMES FIRST MAJOR CITY TO APPROVE TAX ON SODA

PHILADELPHIA BECOMES FIRST MAJOR CITY TO APPROVE TAX ON SODA


"With the exception of baby formula, products that contain more than 50 percent milk, fruit and vegetable juice, the law lists “non-100%-fruit drinks; flavoured water; energy drinks; pre-sweetened coffee or tea; and non-alcoholic beverages intended to be mixed into an alcoholic drink,” as taxable products. It will go into effect on Jan. 1, 2017.

“The tax will be levied on distributors. Only time will tell how much will trickle down to consumers. The tax could add up to 18 cents to the cost of a 12-ounce can, $1 to the cost of a 2-liter container, and $2.16 to the cost of a 12-pack,” Philly.com explains."

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