News

AUSTRALIA: Tax row could be key to election campaign

Most popular

Constellation cuts losses on Ballast Point folly

US Champagne tariffs threaten critical blow

just-drinks' M&A database - November

Why hard seltzer's US success won't translate

The wine category in 2019 - just-drinks' Review

MORE

The issue of wine and spirits tax could be key to which party wins the Australian general election in November.

At the start of the election campaign the Winemakers Federation of Australia argued the industry was overtaxed by A$87m (US$43.5m) because of changes following the introduction of a sweeping new, indirect GST, or goods and services levy last year.

Under the present system wine attracts a 29% wine equalisation tax with the acronym WET based on price and GST. The federation claims on an average bottle of A$20 (US$10) bottle of wine the government pockets 25%..

Until the Labor Party opposition pledged to remove WET from wineries producing less than 50,000 litres a year, the federation's campaign had been widely ignored

Although larger domestic issues dominate the election campaign, 22 seats in Parliament's all-important lower chamber, the House of Representatives fall within wine producing regions.

And for a party, which needs a swing of less than 5% for the government to change hands, the issue of wine and spirits tax could be key to deciding which party becomes Australia's next government.

To view related research reports, please follow the links below:-

Wines & Spirits in Australia
Wine: The International Market


Related Content

Has industry gained a greater say on Brexit after UK election? - Focus

Has industry gained a greater say on Brexit after UK election? - Focus...

Why Australia will be the wine to watch in China in 2019 - Analysis

Why Australia will be the wine to watch in China in 2019 - Analysis...

The UK General Election, the younger drinker (or not) and the paucity of experts - The just-drinks analyst

The UK General Election, the younger drinker (or not) and the paucity of experts - The just-drinks a...

Jim Beam goes global in latest ad campaign - segment data

Jim Beam goes global in latest ad campaign - segment data...

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?