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Coca-Cola India may have to shut factories if sin tax is passed

2015-12-11 15:51:40| Beverages - Topix.net

India is trying to push a national goods and services tax through parliament that would replace a myriad of state sales taxes and shake-up government revenue. he Indian subsidiary of Coca-Cola Co said on Friday it may have to close some bottling plants if the government pushes through a proposal that would subject fizzy drinks to a 40 percent "sin" tax, as part of a broader fiscal overhaul.

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