FINLAND: Tax cuts produce sales leap
Finnish state-run drinks retailer Alko has seen hard liquor sales leap over two-thirds, following a 33% tax cut on alcohol introduced on March 1st.
The tax cut was introduced to put a halt to expected cross-border shopping with neighbouring Estonia, when the East European country joins the EU. Alko said that sales of hard liquor in the week following the tax cut jumped 72%.
The week before the cut they had fallen 20%.
Sales of beer and wine in Alko's shops remained largely unchanged.
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