Tax wine as beer and raise $2.9 billion per year, says lobby group

Taxing wine and cider the same as beer and lifting the rate by 5 to 6¢ for a glass of beer would raise $2.9 billion a year, much of which could fund tax relief, the Treasury has been told. In its pre-budget submission, the Foundation for Alcohol Research and Education says if the Turnbull government adopted the recommendation of the Henry tax review and taxed all alcohol products by the volume of alcohol they contained, alcohol consumption would drop almost 10 per cent.