Dive Summary:
- In an effort to combat childhood obesity, the French Senate has just passed what has been nicknamed as the "nutella tax," which will triple the tax on all foods that contain palm oil and a few other types of vegetable oil.
- The tax is expected to bring in about $51 million which will go towards funding national healthcare.
- The food industry is certainly opposed to the new tax code, and the company who produces nutella says they will not give in to the pressure to change their recipe.
From the article:
PARIS (AP) â First the French government went after the rich. Now it has it in for Nutella.Despite an outcry in support of the beloved chocolate and hazelnut spread, the Senate passed a measure Wednesday that would triple the tax on palm and some other vegetable oils in the hope of cutting down on obesity.The "Nutella tax" would affect any foods made with those oils and bring in about â¬40 million ($51 million).The measure is part of a bigger bill on financing the national health care system and aims to push manufacturers to use healthier alternatives.But Frederic Thil, the head for Fran...
