Reuters: Oddly Enough: Italy health minister mulls France-style drinks tax

Reuters: Oddly Enough Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Italy health minister mulls France-style drinks tax Aug 27th 2012, 13:31 ROME | Mon Aug 27, 2012 9:31am EDT ROME (Reuters) - Italy's health minister is considering the inclusion of a tax on drinks deemed unhealthy in a spending bill due to go before the Italian cabinet later this week, a health ministry official said on Monday. The official confirmed Health Minister Renato Balduzzi may propose a drinks tax of 3 euro cents a bottle to raise revenues of 250 million euros ($312.9 million), but did not clarify which beverages would be affected. "It is a nudge to mothers and fathers towards a more suitable diet," Balduzzi told the daily La Repubblica, adding that revenue raised could be used for public health costs. The official said Balduzzi was gauging public reaction to the suggestion before deciding whether to include the measure in the bill, which aims to reform health spending as the country grapples with a financial crisis and a large debt burden. France last year put a tax on soft drinks to help combat increasing obesity. The measure is expected to raise 280 million euros this year. Lawmakers in the United States have also considered a similar law, but have come up against opposition from the beverage industry. Nestle, Coca Cola Co and Sanpellegrino Group are key drinks sellers in the Italian market. ($1 = 0.7989 euros)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions