date:Nov 01, 2013
s is the only other country in the same ballpark, clocking in at 701 servings.
Drink and snack food companies are expected to pass on the tax to consumers, which could put further pressure on economic growth which has slowed this year in Mexico, hurt by a drop in consumer spending.
Coke Femsa executives said on a call last week that they would pass on the tax by raising prices broadly between 12 and 15 percent.
We think the industry will do the same thing because it's a heavy tax, Chief Finan