Over 300 drinks companies oppose Germany's sugar tax plans

Regulation
โดย Just Drinks·Read original
Summary · why it matters

More than 300 drinks companies, including Coca-Cola, Capri Sun, Carlsberg and Paulaner, have spoken out against Germany's planned sugar tax on beverages in an open letter. Germany is looking to implement a tax on sugary drinks in 2028 as part of wider plans to reform the country's health insurance system, with the draft law estimating annual revenue of €450 million. The businesses, alongside industry associations such as the German Association of Non-Alcoholic Beverages and the Association of the German Fruit Juice Industry, argue the tax would have significant economic consequences, burden consumers and businesses, and lack scientific evidence for public health benefits. They also highlight that the drinks industry is mainly medium-sized and family-run companies already struggling with rising costs and consumption pressures. The letter states that the projected revenue is overestimated and the collection costs underestimated, while noting the industry has already successfully reduced calories and sugar.

Impact on stocks 3

Consumer Staples▼ · 3 stocks
The Coca-Cola Company
KO
▼ NegativeRegulationrelevance

Coca-Cola is a leading signatory opposing Germany's planned sugar tax, which would increase costs and reduce demand for sugary drinks.

Carlsberg A/S B
0AI4
▼ NegativeRegulationrelevance

Carlsberg is among the drinks companies opposing the sugar tax, which could raise costs and hurt sales of sugary beverages.

Off-coverage companies 1

Paulaner Brauerei Gruppe GmbH & Co. KGaAPrivate▼ Negative
Regulationrelevance

Paulaner is a signatory of the open letter opposing the sugar tax, which could affect its beverage sales in Germany.

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