TAXATION OF BEER
BREWERY EARNINGS CONTRACT
The Xew Zealand Stock' Escliange, it* reviewing the taxation of breweries, remarks that . the contraction :of revcmia from the British beer duty of £6,000,000 offers "a striking illustration of the' folly of over-taxation." In New Zealand tlie excise duty of Is Cd per gallon ia now; six times what it was before 1915. While breweries on the whole show the leasts severe sliriukage in earnings of any see-lion-of the market, states the review, yefc they have Buttered' from -high taxation anci the trade depression which has caused unemployment. Leases, rentals, and hotel properties have also suffered in value. Contraction in the combined, net earn* ings of Australian brewery companies ovef a three-year period was 33.5 per cent.;' and of New Zealand brewery companies 44.8 per cent. "While earnings had already been ad* versely affected by the industrial depression." the review observes, "it may reasonably be assumed .that'increased taxation accelerated that tendency."
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https://paperspast.natlib.govt.nz/newspapers/EP19330504.2.103
Bibliographic details
Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 13
Word Count
157TAXATION OF BEER Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 13
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