SWEDEN: Government proposes spirits tax cut
The Swedish government yesterday proposed to cut liquor tax by 40% next year, in an effort to discourage cross border shopping.
Sales at the state-run liquor monopoly, Systembolaget, have been falling since Estonia joined the EU and neighbouring Denmark and Finland cut their alcohol taxes, which has attracted Swedish drinkers to buy abroad.
"Month by month, domestic sales are decreasing, and month by month, imports are increasing," said Kent Haerstedt, a spokesman for the tax reduction plan. "This is a development that is unacceptable to us."
Currently, Sweden has a 200 kronor ($1=SEK7.4620) tax on one litre of spirits. If the government proposal is approved by Parliament later this fall, the tax would fall to 120 kronor per litre of spirits.
The new tax system would cut retail prices by about 30%, in most cases, which it is hoped will reduce private alcohol imports by 15% next year.
"The proposal for lowering the alcohol tax is unfortunately necessary in the situation we're in, for the sake of public health," Sytembolaget's chief executive, Anitra Steen, said.
Taxes on wine and beer wouldn't be affected under the proposal.
The global roll-out of InBev's Brazilian beer, Brahma, adds a third premium brand to the global brewer's international portfolio but some observers have suggested it's an unnecessary step which threat...
Brasserie Kronenbourg has clarified earlier reports about its entry into the low alcohol beer sector in France....
Costs relating to alcohol abuse in Sweden are on the rise, according to research out this week....
Police in eastern Kenya have said that at least 24 people died on Saturday after drinking illegally produced alcohol....
According to a recently published study, people who drink alcohol may have a lower risk of developing a type of cancer which affects the lymphatic system known as non-Hodgkin lymphoma (NHL)....
Diageo is calling for facts labels to be placed on alcohol beverages in the US....
Kenyan authorities are to ban beer and spirits advertising from television and billboards in the country, according to a local report late last week....
Post-menopausal women who consume even moderate amounts of alcohol may face an increased risk of breast cancer, according to a comprehensive US study....
- Five ways small brands can beat big players
- Interview, Bulldog Gin founder Anshuman Vohra
- The end is nigh for Global Travel Retail - Comment
- Pernod Ricard Q1 2017 results by region, brand
- Pernod Ricard's Q1 results - Preview
- Diageo most at risk to Thai alcohol ban - analyst
- Stumbling UK Pound prompts Conviviality price hike
- Jobs at new India hub won't affect staff - Diageo
- AB InBev fund ZX Ventures buys homebrew co
- Edrington’s The Macallan 40 Year Old - NPD
- Global gin insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Wine Market 2016-2020
- Global RTD insights - market forecasts, product innovation and consumer trends