A 50% 'sin' tax on soda in Dubai could have global consequences

The United Arab Emirates has instituted a hefty tax on sugary drinks and cigarettes: 50% on soda and 100% on energy drinks and tobacco products. The tax, which went into effect October 1, has several goals. The first is to generate revenue for the UAE government as global oil prices remain low, ...

A 50% 'sin' tax on soda in Dubai could have global consequences