INDEPENDENT NEWS

Tax Hike Bad News For Drinkers

Published: Wed 31 May 2000 09:32 AM
31 May 2000
News Release
Tax Hike Bad News For Drinkers
An expected 1.8 per cent hike in excise taxes tomorrow is bad news for drinkers said Thomas Chin, Chief Executive Officer of the Distilled Spirits Association.
"Spirit drinkers will be gobsmacked to learn that over $16 of the retail price on a typical bottle of spirits is excise tax. Add in the Alcohol Advisory Council levy and GST and you’re up to $18 tax on your favourite drink", said Mr Chin.
Mr Chin said the Association was disappointed that the Minister of Finance had not used the strong economic growth forecasts and withheld the tax increase on drinkers.
"The tax increase does little to help the spirits industry, which has been illogically prohibited from supermarket and grocery distribution channels and which in recent years has seen production cutbacks and job losses.”
Taken together the tax increases are inflationary, unfair and economically damaging to every local business and consumer.
The Association urges the Government to reverse its spirits excise tax increase in the upcoming Budget.
ENDS
For further information, please contact:
Thomas Chin
Chief Executive Officer
Distilled Spirits Association
Ph: (09) 300-5930
Fx: (09) 300-5931

Next in New Zealand politics

Trades Hall bombing case re-opened, evidence released
By: RNZ
Govt targets fewer deaths on the road
By: New Zealand Government
Teachers unions to take legal action against Novopay
By: RNZ
Consensus reached on reducing agricultural emissions
By: New Zealand Government
Gordon Campbell on what’s wrong with Wellington
By: Gordon Campbell
$1m Compensation To Christchurch Gun Owners In First Event
By: RNZ
Youth Parliament 2019 Event Kicks Off in the Capital
By: New Zealand Government
Foreign Minister to visit United States of America
By: New Zealand Government
Gordon Campbell on the Aussie banks’ latest fee hike excuse
By: Gordon Campbell
Safer roads mean investment, not slowing down
By: New Zealand National Party
MTA welcome focus on vehicle safety
By: Motor Trade Association
Safer speeds for Northland roads
By: New Zealand Transport Agency
Better Driver Training must be part of Road to Zero
By: Greg Murphy Racing
Long delay in pay increase for teachers unacceptable
By: NZEI
Greater role for gas in electrification of transport
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media