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 Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax

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PostSubject: Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax   Tue Mar 07, 2017 3:31 am

Two weeks ago, we pointed out that when Philadelphia became the first US city to pass a soda tax last summer, city officials were eagerly looking forward to the surplus-tax funded windfall to plug gaping budget deficits (and, since this is Philadelphia, the occasional embezzlement scheme). Then, one month ago, after the tax went into effect on January 1st we showed the tax applied in practice: a receipt for a 10 pack of flavored water carried a 51% beverage tax. And sinceá PA has a sales tax of 6% and Philly already charges another 2%, the total sales tax was 8%. In other words, a purchase which until last year came to $6.47 had overnight become $9.75.



http://www.zerohedge.com/news/2017-03-06/pepsi-lays-20-its-philadelphia-workers-blames-soda-tax
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Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax

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