Taxing Times Down Under
Abolition of Australia's Sales Tax May Spell Higher Wine Prices
Aug 2000 Issue of Wine Business Monthly
The abolition of Sales Tax in Australia is set to prompt a rise in prices for wine as one sales tax is replaced by two--a general purchase tax plus a new special wine tax. The new tax system will cause the wine industry major problems as the former overall Wholesale Sales Tax (WST) has been supplanted by a new Wine Equalization Tax (WET) coupled with a General Sales Tax (GST). Despite consumers believing the change could mean lower prices industry analysts warn that this will actually result in ...
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