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Soft drink makers have hit out calls for Australia to follow the UK and implement a tax on sugary soft drinks, claiming that it would cost jobs and be ineffective in tackling obesity. From The Canberra Times:
Coca-Cola Amatil – which produces The Coca-Cola Company’s products across Australia and the Asia-Pacific region and which the US company owns about 29 per cent of – told Fairfax Media taxing sugary drinks would not help shrink waistlines.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.