Wine industry warns it can’t wait any longer for overhaul of rorted tax rebate

MAJOR investment decisions in South Australia’s wine industry are being delayed amid warnings many growers and winemakers will face financial ruin unless the Federal Government moves quickly to overhaul the Wine Equalisation Tax Rebate. A Federal Government investigation revealed in August that the rebate system was being rorted by “virtual winemakers’’ – some of which exist solely to claim tax concessions.