Vineyards fret over tax reforms amid earliest vintage in living memory

Vineyards fret over tax reforms amid earliest vintage in living memory

Wine makers in the Canberra district have experienced the earliest vintage in living memory with bountiful fruit, although many are concerned by a potentially devastating tax reform. Last week, a senate inquiry recommended the wine equalisation tax rebate – worth up to $500,000 – be phased out over five years and replaced by a grant scheme available to smaller vineyards.

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