Tag Archives: taxes

National assembly commission rejects palm oil tax increase

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France’s National Assembly has reportedly rejected a proposed tax on palm oil that appeared to be a go earlier in the week. On November 12, 2012, the French Senate voted 186-155 against the so-called “Nutella tax,” which aimed to impose a 300-percent tax on palm oil, a key ingredient in the beloved hazelnutchocolate spread that is high in saturated fats.

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The nutrient tax issue has not gone away

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The hotly-contested issue of taxes on food products raised its head on both sides of the Atlantic last week. The news comes as a sign that, despite scepticism in some circles that such levies do not work, they remain seen as a potential solution to the problem of obesity.

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