Wal-Mart Fined for Fake ‘Sugar Tax’ on Coca-Cola Sales

New York might have failed in its efforts to tax sugary sodas, but that didn't keep retail giant Wal-Mart from trying to tax it anyway. This week, New York Attorney General Eric T. Schneiderman announced that the state reached a settlement with Wal-Mart Stores Inc. over false advertising claims. The settlement followed an investigation into claims that Wal-Mart advertised a sale on Coca-Cola soft drinks but actually charged customers across New York State more than the advertised sale price.