Penfolds winemaker Peter Gago backs volumetric tax

Peter Gago, the winemaker of Australia’s most prestigious wine Penfold’s Grange, supports a volumetric tax on wine which would see the price of bulk and cheaper rise in contrast to a fall at the premium end of the market. At the launch of a $10 million redevelopment at Treasury Wine Estates’ ancestral home of Grange at Magill Estate today, Mr Gago said the future of the wine industry was at the premium end of the market.