Sugary drink tax Michael Bloomberg of orchestrating the controversial bill from overseas. In late October 2013, the Mexican Senate approved a 1 MXN per litre tax (around 0.08 USD) on sodas, along with a 5% tax on junk food. Research has shown that Mexico's sugary drinks tax reduced soft drink consumption. According to a 2016 study published in "BMJ", annual sales of sodas in Mexico declined 6% in 2014 after the introduction of the soda tax. Monthly sales figures for December 2014 were down 12% on the previous two years. Households with the fewest resources had an average reduction in purchases of 9%
Sugary drink tax than $690,000 from 2003 to 2008. And, in the 2010 election cycle, its lobbying grew to $8.67 million. These funds helped to pay for 25 lobbyists at seven different lobbying firms. An industry group called "Americans Against Food Taxes," backed by juice maker Welch's, soft drink maker PepsiCo Inc, the American Beverage Association, the Corn Refiners Association, McDonald's Corporation and Burger King Holdings Inc used national advertising and conducted lobbying to oppose these taxes. The group has characterized the soda tax as a regressive tax, which would unfairly burden the poor Island nations and territories have been successful in passing