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Coca-Cola Halts Investment In France To Protest New "Soda Tax"

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FRANCE COCA COLA
A picture taken on September 8, 2011, in Paris shows cans of various sodas. After the French government announced on August 24 to tax these products as part of its austerity plan to reduce the national debt, professionals of the industry contested the measure, last of which the US giant Coca-Cola who suspended a 17 million euro (23.780 million US dollars) investment in France. French President Nicolas Sarkozy insisted on September 7 he was determined to push through a balanced budget amendment c | Getty

PARIS - Coca-Cola has suspended a planned €17 million ($24 million) investment in France as a "symbolic protest" against a French government plan to impose a new tax on sugary drinks.

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