Coca-Cola announced today that it will be putting a €17 million ($24 million) investment in a French factory on hold because of the French plan for a tax on sugary sodas, reports the AP.
The French government had hoped that the tax would not only help fight obesity but also help raise €120 million ($168 million).
However, Coca-Cola responded by saying arguing that the tax was unfair as the soda is “not harmful to health.”
On Coca Cola's French website, it says “[obesity] is not linked to the consumption of a particular product, but depends on the global nutritional balance."
Read more at France24 >
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