MICHAEL FRIDJHON: Alcohol excise hike could backfire
By increasing taxes on alcohol the Treasury would serve interests of illicit sector and politicians linked to it
28 November 2024 - 05:00
The Treasury has called for proposals to help the government develop “an appropriate excise policy framework to reduce the harmful use of alcohol”. Interested parties have been given a month (half the customary period, covering the peak trading season in the drinks industry) to respond and engage.
The terms of the media statement issued by the Treasury are vague, including reference to “changes in the regulatory landscape” as well as “international observations on alcohol taxation” and “concerns that have been raised by stakeholders”...
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