Mexican lower house looks to tax snacks and soda

10/21/2013 | Los Angeles Times (tiered subscription model) · Bloomberg

The lower house of the Mexican Congress has approved legislation to tax high-calorie food and sugary drinks to combat obesity, which is increasing. The bill, expected to pass the Senate, would levy a 5% tax on food with at least 275 calories per 100 grams, a 16% tax on gum and an 8-cent increase in the price of soft drinks per liter. The business community opposes the legislation, saying it would decrease jobs and sales and hurt small business.

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Los Angeles Times (tiered subscription model) · Bloomberg

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