DC Rethinks Impact, Rejects Advertising Tax

Just a few weeks ago, the Washington DC City Council seemed hell-bent on balancing its municipal budget on the backs of already suffering businesses, but at long last, common sense has apparently prevailed. The DC Council approved a $16.8 billion budget for FY 2021 this week and in doing so, abandoned a new 3 percent…

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Starbucks: Major Contraction & $2 billion Decline

Starbucks on Wednesday provided a major business update and perhaps most noteworthy to the Dunkin’ community is that new store development in the Americas will be virtually halted immediately, with the closure of some 400 Starbucks company units in the US over the next 18 months as well as an additional 200 in Canada. New…

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Soda Tax Hearing Today, Philly Revenue Falls

The appeal of the soda tax as a revenue cure-all may be fizzing out a bit based on the money the new tax levy is bringing in in the City of Brotherly Love. Philadelphia officials this week acknowledged that actual revenue from the 1.5 cents per ounce tax on sugary drinks came in at $6.9…

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Soda Taxes Spilling To Other States

Speaking of New Mexico, minimum wages aren’t the only issue generating headlines – voters in the capital city of Santa Fe have until next Tuesday to decide whether the city will impose a tax on sugary drinks of 2 cents per ounce – increasing the price of soda by 25 cents per can. Early voting…

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Philly Soda Tax More Than Doubles Estimate

Pennsylvania Revenue Department officials last week announced that the Philadelphia soda tax that became effective on January 1 of this year brought in over $5.7 million in new revenue. The soda tax receipts more than doubled the $2.3 million estimate provided by the Philadelphia Budget Office in the Quarterly City Manager’s Report. Monthly revenue projections…

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