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These excerpts taken from the PBG 10-K filed Feb 20, 2009. Soft Drink Excise Tax
Legislation. Specific soft drink excise taxes have
been in place in certain states for several years. The states in
which we operate that currently impose such a tax are West
Virginia and Arkansas and, with respect to fountain syrup only,
Washington.
Value-added taxes on soft drinks vary in our territories located
in Canada, Spain, Greece, Russia, Turkey and Mexico, but are
consistent with the value-added tax rate for other consumer
products. In addition, there is a special consumption tax
applicable to cola products in Turkey. In Mexico, bottled water
in containers over 10.1 liters are exempt from value-added tax,
and we obtained a tax exemption for containers holding less than
10.1 liters of water. The tax exemption currently also applies
to non-carbonated soft drinks.
We are not aware of any material soft drink taxes that have been
enacted in any other market served by us. The recent economic
downturn has resulted in reduced tax revenue for many states and
has increased the need for some states to identify new revenue
sources. Some states may pursue additional revenue through new
or amended soft drink or similar excise tax legislation. We are
unable to predict, however, whether such legislation will be
enacted or what impact its enactment would have on our business,
financial condition or results of operations.
Soft Drink Excise Tax Legislation. Specific soft drink excise taxes have been in place in certain states for several years. The states in which we operate that currently impose such a tax are West Virginia and Arkansas and, with respect to fountain syrup only, Washington. Value-added taxes on soft drinks vary in our territories located in Canada, Spain, Greece, Russia, Turkey and Mexico, but are consistent with the value-added tax rate for other consumer products. In addition, there is a special consumption tax applicable to cola products in Turkey. In Mexico, bottled water in containers over 10.1 liters are exempt from value-added tax, and we obtained a tax exemption for containers holding less than 10.1 liters of water. The tax exemption currently also applies to non-carbonated soft drinks. We are not aware of any material soft drink taxes that have been enacted in any other market served by us. The recent economic downturn has resulted in reduced tax revenue for many states and has increased the need for some states to identify new revenue sources. Some states may pursue additional revenue through new or amended soft drink or similar excise tax legislation. We are unable to predict, however, whether such legislation will be enacted or what impact its enactment would have on our business, financial condition or results of operations. These excerpts taken from the PBG 10-K filed Feb 27, 2008. Soft Drink Excise Tax
Legislation. Specific soft drink excise taxes have
been in place in certain states for several years. The states in
which we operate that currently impose such a tax are West
Virginia and Arkansas and, with respect to fountain syrup only,
Washington. In Mexico, there are excise taxes on any sweetened
beverage products produced without sugar, including our diet
soft drinks and imported beverages that are not sweetened with
sugar.
Value-added taxes on soft drinks vary in our territories located
in Canada, Spain, Greece, Russia, Turkey and Mexico, but are
consistent with the value-added tax rate for other consumer
products. In addition, there is a special consumption tax
applicable to cola products in Turkey. In Mexico, bottled water
in containers over 10.1 liters are exempt from value-added
tax, and we obtained a tax exemption for containers holding less
than 10.1 liters of water.
We are not aware of any material soft drink taxes that have been
enacted in any other market served by us. We are unable to
predict, however, whether such legislation will be enacted or
what impact its enactment would have on our business, financial
condition or results of operations.
7
Table of Contents
Soft Drink Excise Tax Legislation. Specific soft drink excise taxes have been in place in certain states for several years. The states in which we operate that currently impose such a tax are West Virginia and Arkansas and, with respect to fountain syrup only, Washington. In Mexico, there are excise taxes on any sweetened beverage products produced without sugar, including our diet soft drinks and imported beverages that are not sweetened with sugar. Value-added taxes on soft drinks vary in our territories located in Canada, Spain, Greece, Russia, Turkey and Mexico, but are consistent with the value-added tax rate for other consumer products. In addition, there is a special consumption tax applicable to cola products in Turkey. In Mexico, bottled water in containers over 10.1 liters are exempt from value-added tax, and we obtained a tax exemption for containers holding less than 10.1 liters of water. We are not aware of any material soft drink taxes that have been enacted in any other market served by us. We are unable to predict, however, whether such legislation will be enacted or what impact its enactment would have on our business, financial condition or results of operations. 7 Table of Contents
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