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FRANCE: French Senate approves ‘Nutella’ tax hike | San Francisco Luxury Living

November 28, 2012

The French Senate approved Wednesday the so-called Nutella amendment that would quadruple the tax on palm oil, a key ingredient in the chocolate spread, to discourage consumption of the oil rich in saturated fat. The amendment which would take the tax on palm oil from around 100 euros ($128) now to 400 euros was approved by a vote of 212 to 133 despite protests from major palm producing nations Malaysia and Ivory Coast. Socialist deputy Yves Daudigny said “palm oil is the most rich in saturated fats and its harmful effect on health has been established.”

via FRANCE: French Senate approves ‘Nutella’ tax hike | San Francisco Luxury Living.

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