NEW ZEALAND: Producers to take advantage of tax increase
By Sarah Diston | 1 June 2001
Reports from New Zealand claim that producers are taking advantage of the new levy of alcohol tax by increasing the prices of both beer and spirits by more than the new tax. To account for inflation the annual increase of excise tax goes up from today by 3.1% according to a report by the New Zealand Herald newspaper. However, the report also claims that prices are likely to go up by more than this for many drinks as the liquor industry takes the opportunity to pass on other price rises.
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Reports from New Zealand claim that producers are taking advantage of the new levy of alcohol tax by increasing the prices of both beer and spirits by more than the new tax. To account for inflation the annual increase of excise tax goes up from today by 3.1% according to a report by the New Zealand Herald newspaper. However, the report also claims that prices are likely to go up by more than this for many drinks as the liquor industry takes the opportunity to pass on other price rises.
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