Penfolds in line for windfall if wine volumetric tax goes ahead

Penfolds in line for windfall if wine volumetric tax goes ahead

It’s interesting to watch the nation’s drinks companies in a tizzy, all backing that horse called self-interest ever since the Federal Government announced a White Paper into taxation. The Treasury is examining the complex way that booze in taxed in this country. The big political sticking point remains wine, and the impact a proposed flat “volumetric” tax rate of $2.20 per litre would have on the industry.

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