Mexican Senate Passes Junk Food Tax

Mexico's Senate passed a special tax on junk food on Wednesday. It is a controversial levy opposed by companies. The companiesrgue that it would do little to alleviate the country's obesity epidemic. The measure is part of a vast fiscal reform pushed by President Enrique Pena Nieto to boost the country's dismal tax revenues. The Senate voted 72-2 to impose an eight percent tax on foods with at least 275 kilocalories per 100 grams, such as snacks, flan, ...