Liquor costs up with GST
PA Wellington The . goods and services tax will push up liquor S rices, cause severe cash ow problems for the liquor industry, and increase its already high tax burden, wine and spirits wholesalers said yesterday. The Wholesale Wine and Spirits Merchants’ Federation said in a submission to Parliament’s Finance and Expenditure Select Committee that indirect taxes already accounted for 60 per cent of the cost of alcoholic beverages. “To impose further tax on liquor is going to depress sales even further, leading to an even greater loss of revenue to the Government and a further setback to the industry,” the federation said in its submission on the proposed GST bill. The high levels of indirect tax already paid by the industry should be reduced by an amount corresponding to GST so that prices would not have to be increased.
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Press, 11 October 1985, Page 5
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144Liquor costs up with GST Press, 11 October 1985, Page 5
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