US: DISCUS calls for tax freeze on spirits
Tax rises are a bigger threat than recession to the spirits makers in the US, the country's Distilled Spirits Council (DISCUS) has said in its annual review.
Revenue growth for the entire US spirits sector slowed to 2.8% in 2008, reaching US$18.7bn, DISCUS said on Friday (30 January). Volume growth was 1.6% for the 12 months.
Peter Cressy, the association's president, told a conference on Friday that the spirits industry may not be "recesssion proof", but was "recession resistant".
"Our message is simple: we are not seeking a bailout; just do no harm," he said.
A bigger threat, according to DISCUS, is the prospect of further tax rises, which are currently being considered by several US states.
Higher hospitality taxes this year could lead to 150,000 job losses in an on-trade sector already being hit hard by a drop in consumer spending power, DISCUS warned.
A raft of recent reports looking at the US spirits market have suggested that, while times are tough in the country, they could be a whole lot worse. Chris Mercer takes a closer look at the numbers t...
- Paddy Irish whiskey - The Facts
- A-B InBev and its SABMiller divestments - Focus
- SABMiller in Cent'l & E Europe - What is for sale?
- Is the wine industry confusing its consumers?
- Where does AB InBev see the future of beer?
- Pernod Ricard to widen Our/Vodka sales reach
- Leonardo DiCaprio joins Runa drinks board
- Remy Cointreau names new Travel Retail exec
- Pernod in talks to sell Paddy whiskey to Sazerac
- US wholesalers point to Absolut decline - report
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Consumer and Market Insights: Spirits Market in the US
- Carbonates in India