Quote

The Thursday Quote

‘‘As it stands, Australia’s tax system awards beer producers for lowering alcohol content. In 2007 Foster’s dropped the alcohol in VB from 4.9 per cent to 4.8 per cent and saved $20 million per year. Bizarrely though, wine is not taxed on its alcohol content but its wholesale price. So while full-strength beer is taxed an approximate 39 cents per standard drink cask wine is taxed six cents and bottled wine 26 cents per standard drink – and there are rebates for smaller producers.’’

Anna Krien
Booze Territory
Black Inc (2015)

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