The fact that the Commission came down so heavily on duty free while singularly failing to tackle the far more fundamental issue of the harmonisation of indirect taxation was what most vexed the drinks and travel industries prior to abolition. Now abolition is a fact of life, however, it is somewhat ironic that those tax and duty disparities now represent significant business opportunities. Because, while liquor is still being sold duty paid in airports all across Europe, the potential for liquor sales is naturally strongest in low tax/duty countries.

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GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData