Iceland tax and cows

Iceland tax and cows

Tax and cows This is one for Christmas trivia: in which country can you combine alcohol tax and cows? The answer is Iceland, which is planning to increase tax on alcohol by 4.7 per cent in the new year. Iceland’s alcohol tax is the highest in Europe. A bottle of vodka in Iceland costs 7300 […]

Hypocritical level playing field & tax

Hypocritical level playing field & tax

Tax and sin The UK Taxpayers’ Alliance (TPA) recently put forward the suggestion that “sin taxes” have cost the UK Treasury £31 billion ($52 billion) in the past five years through black market trade and lost income tax. As with various health lobbies around the world, the figures support the argument that the alliance wants […]

WET, upset, Beer and ciggies cost

WET, upset, Beer and ciggies cost

Wakey, wakey It’s taking time but more wine folk are waking up to the fact that the long loud call to government to change the WET system has backfired. This week an article appeared in The Canberra Times outlining the discontent of Frank van de Loo (Mount Majura Vineyard) and Ken Helm (Helms Wines) to the […]

Budget plan for Australian wine tax

Budget plan for Australian wine tax

WET or weak Apparently Treasurer Scott Morrison did not hand down a 2016-17 budget on May 3, but a plan for the next decade. It’s a plan for the richer end of Australian society. The tax threshold has been raised from $80,000 to $87,000, but those earning less than $80,000 receive no income tax relief. […]