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Bellwether AG Barr can show UK soft drinks how to survive sugar tax woes - Analysis
2019-07-16 16:35:00| Daily beverage news and comment - from just-drinks.com
A profits warning from AG Barr this morning brought a strong reaction from London's financial market. The Irn-Bru owner's forecast that full-year profits will be down 20% on the year-prior sent shares spiralling by almost 30%. Consequently, the gains AG Barr had made since the UK Government implemented its sugar tax last April were almost completely wiped out.
Bellwether AG Barr can show UK soft drinks how to survive sugar tax woes - Analysis
2019-07-16 16:35:00| Daily beverage news and comment - from just-drinks.com
A profits warning from AG Barr this morning brought a strong reaction from London's financial market. The Irn-Bru owner's forecast that full-year profits will be down 20% on the year-prior sent shares spiralling by almost 30%. Consequently, the gains AG Barr had made since the UK Government implemented its sugar tax last April were almost completely wiped out.
AG Barr issues profits warning over sugar tax slump
2019-07-16 13:09:00| Daily beverage news and comment - from just-drinks.com
Irn-Bru owner AG Barr has warned that its profits will be down by 20% over the fiscal year as the fallout from the UK sugar tax hits the bottom line.
Tags: issues
tax
warning
sugar
France adopts 3% digital services tax, attracting US ire
2019-07-11 14:13:00| Telecompaper Headlines
(Telecompaper) France's Senate has adopted the 3 percent tax on revenues made in France by digital services providers such as Google, Apple, Facebook or Amazon, Le Monde reported. The US govt says it will investigate the tax and make sure it does not unfairly target US companies. French Finance Minister Bruno Le Maire said earlier that while some US companies would certainly be subject to the tax, the legislation is in general aimed at around 30 companies, also from China, Germany, Spain and the UK, as well as from France itself. The tax would be imposed on any digital company with revenues of more than EUR 750 million, with EUR 25 million of that generated in France. It is expected to yield EUR 400 million this year and EUR 650 million in 2020. It was announced by Presidend Emmanuel Macron at the end of last year. The president said the money raised will help finance certain social and economic measures for the country.
Tags: services
france
digital
tax
France passes tax on tech giants despite US threats
2019-07-11 11:59:52| BBC News | Business | UK Edition
The Trump administration says the new 3% tax on sales in France will harm US online giants.
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