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.