State refuses to be “blackmailed” as Coca-Cola suspends €40 million investment due to sugar tax

The Portuguese government has said it will not be “blackmailed” after Coca-Cola announced that it has suspended a €40 million expansion project at its Refrige factory in Palmela due to the new “sugar tax” included in the 2017 State Budget. Coca-Cola deems the levy “unconstitutional” and says it poses “unfair discrimination” as some national beverage producers won’t be subjected to it. As i newspaper explains, the tax will impose a 16.46 cent price hike on every litre of soft drink. In other words, a can of Coke (33cl) will become 5.5 cents more expensive.

Source: State refuses to be “blackmailed” as Coca-Cola suspends €40 million investment due to sugar tax

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