Aus winemakers see red over ‘absurd’ subsidy for NZ growers

Aus winemakers see red over ‘absurd’ subsidy for NZ growers

Australia’s winemakers have given the Government legal advice on how to end what they describe as a “perverse” and “absurd” subsidy for the New Zealand’s industry. The wine equalisation tax (WET) was introduced to make up the difference when the GST replaced higher wholesale sales taxes. In a move initially designed to support smaller winemakers and grape growers, the Government allowed them to claim a rebate of up to $500,000.

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