News

FINLAND: Minister hints at beer, spirits tax roll-back

Most popular

How will Diageo change Cuban rum?

Hard coffee founder details Diageo lessons

Why rye whisky is set to go global - Comment

Interview - Treasury CEO Mike Clarke - Part II

Interview - Treasury CEO Mike Clarke - Part I

MORE

The Finnish government may look at increasing taxes levied on beers and spirits by 10%, said Liisa Hyssala, the country's Health and Social Services Minister.

"We may look at increasing alcohol taxes as a mechanism to control the consumption of alcohol as part of a broader public health policy," said Hyssala today (12 January).

Timo Jaatanen, managing director of Finland's Brewing and Soft Drinks Industry, said any increase in alcohol tax rates would be "resisted", at a time when beer sales are falling and the industry is lobbying to persuade the Government to further reduce taxes on alcohol by another 20% to 30%.

The Finnish government reduced the tax on beer by 32% in March 2004. This action produced an average drop of 15% in beer prices at retail level. The tax cut did impact on VAT rates levied on beer, which remain at 22%.

State taxes have traditionally accounted for around 60% of the retail price of beer in Finland. Following the tax cut, it accounted for 52% of beer prices.


Sectors: Beer & cider, Spirits

Related Content

US spirits group hails proposed tax drop

US spirits group hails proposed tax drop...

Brazil on its way back, but not in a hurry - Analysis

Brazil on its way back, but not in a hurry - Analysis...

The Beer Store hits out at proposal to rethink Ontario monopoly

The Beer Store hits out at proposal to rethink Ontario monopoly...

Is Japan's beer market coming back to life? - Comment

Is Japan's beer market coming back to life? - Comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?