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Coca-Cola could close Indian plants if 'sin tax' goes ahead

2015-12-15 16:20:52| Beverages - Topix.net

Coca-Cola would have " no option " but to consider shutting down some of its Indian factories if the government accepted a recommendation to place a significantly higher GST rate on aerated drinks. The company said that bracketing the segment alongside tobacco and expensive cars, which have also been slated for the 40% rate, would lead to a sharp decline in consumption and prompt it to review its manufacturing capacity.

Tags: close sin tax ahead

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