Canberra wineries put growth plans on hold due to budget changes

Canberra wineries put growth plans on hold due to budget changes

Canberra winemakers fear many emerging brands will abandon expansion plans and cut jobs due to changes to tax concessions that could cripple their business model. Smaller vineyards have relied on the wine equalisation tax rebate for more than a decade, which subsidises businesses for a 29 per cent tax on the wholesale value of their products.

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