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SWEDEN: Gov’t proposes 40% booze tax cut

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The Swedish Government is hoping to cut alcohol excise duty in the country by around 40%. In proposals prior to discussions relating to next year's budget, the ruling Social Democratic party recommended the cut on Wednesday (24 August).

The move, unveiled by Swedish Finance Minister Par Nuder at a press conference, is forecast to cost the state around SEK550m (US$72.6m).

Should the proposal be successful, then a bottle of Absolut vodka at the state-owned alcohol retail monopoly Systembolaget will drop from SEK230 to SEK160.

Sweden has suffered in recent years from a relatively high excise duty for alcohol compared to its neighbours. The tax in the country presently stands at SEK200 per litre of alcohol, whereas in Finland, the duty is SEK100 per litre and in Denmark, the tax is SEK75. The EU accession last year of the Baltic states, where the duty is even lower, has also contributed to a rise in cross-border alcohol purchases.


Sectors: Beer & cider, Spirits, Wine

Companies: Absolut

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