End of preview - This article contains approximately 452 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Latin American Economy & Business - February 2014 (ISSN 1741-7430)
MEXICO: Pepsi not put off by soft drinks tax
Since 1 January 2014, soft drinks have become more expensive in Mexico. As part of fiscal reforms introduced by the government led by President Enrique Peña Nieto, and reflecting health concerns over the spread of diabetes in the country, a one-peso tax has been added to the retail price of soft drinks (equivalent to a duty of around 12%), while an 8% tax is being applied to high-calorie processed foods such as potato chips, chocolate and ice cream. Major bottling companies opposed the soft drinks tax, but this did not stop PepsiCo from announcing, at the end of January, a major new US$5.0bn investment programme in Mexico, which is expected to create 4,000 new jobs.
- IMF Warns of Emerging Markets Volatility
- Region: Brake, accelerate, or crash the gears?
- Region: Itaú Unibanco launches its regional banking play
- Panama: size matters
- CHILE: How to manage expectations in Bachelet’s second term
- BRAZIL: World Cup 2014: are the worries justified?
- BRAZIL: The spectre of recession?
- MEXICO: Pepsi not put off by soft drinks tax
- PUERTO RICO: Old problems, new investors…
- BARBADOS: A tough position, but not an impossible one
- Pacific Alliance vs. Mercosur debate continues