Wine Tasmania: Tax changes to “disproportionately impact” Tassie wine

PROPOSED change to the Wine Equalisation Tax (WET) rebate announced in the federal budget will “disproportionately” impact on Tasmania’s wine producers, according to Wine Tasmania. Wine Tasmania chief executive Sheralee Davies said the additional funding support was welcome but the change to the WET rebate would impact on the state’s producers. “Around 10-12 Tasmanian wine producers would be negatively impacted by the proposed reduction to the rebate, with up to $2.5M being added to their combined tax bill,” she said.