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August 7, 2019

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Tax on sugary drinks

Romania yesterday announced plans to levy a tax on sugary soft drinks to combat obesity, following the lead of other European countries such as France. 鈥淭his tax is aimed at discouraging consumption (of sugary drinks) and increasing public revenues, which could be spent on health and education,鈥 the finance ministry said. 鈥淭he obesity epidemic in the European Union is an enormous burden on health systems.鈥 The new levy should raise 66 million euros (US$74 million) over the rest of 2019.


 

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