Britain publishes draft sugar tax

Britain moved forward with its planned sugar tax on Monday, publishing draft legislation confirming a two-band levy for sugar-added soft drinks aimed at fighting obesity. The tax, announced in March, is due to come into force in April 2018, giving sellers of soft drinks, such as Coca-Cola European Partners and Britvic, time to reduce sugar in their products. The companies, which sell Coca-Cola and PepsiCo drinks respectively, have already been promoting no-sugar drinks such as Coca-Cola Zero Sug