Daily Archives: August 29, 2016

Mexico weighs doubling sugar tax on sugary drinks

Health advocates in Mexico are recommending the government double the tax on sugary drinks to curb rising obesity and at the same time raise revenue.

Supporters of a higher levy on sweetened beverages say that the 10% surcharge initially placed on fizzy drinks three years ago have had no effect on its consumption and industry sales.

Mexican government has taken in about $2.5bn in revenue since the surcharge was introduced, more than they had expected.