Australian booze prices to drop as producers handed big tax cut

Cheaper beer at last! Australia's world-topping booze prices are finally set to drop with producers handed a big cut to their enormous alcohol tax burden Government announced tax cuts of up to $250,000 a year for liquor producers The move will come into effect from July 1 and will be unveiled in Federal Budget Treasurer Josh Frydenberg said it will benefit smaller brewers and distillers

By Alana Mazzoni For Daily Mail Australia

Published: 03:55 BST, 1 May 2021 | Updated: 03:55 BST, 1 May 2021

View
comments

Booze prices are set to tumble around Australia as alcohol producers are handed a tax cut to boost the hospitality sector's recovery.

Australian drinkers have long endured some of the most expensive pints in the world, with Perth ranking second only to Oslo, due to enormous taxes. 

Insurance Loans Mortgage Attorney Credit Lawyer

But on Saturday the federal government announced tax cuts of up to $250,000 a year for liquor producers hit by coronavirus.

The move will come into effect from July 1, and will be unveiled when the federal budget is handed down later this month.

The move will come into effect from July 1, and will be unveiled when the Federal Budget is handed down later this month

The move will come into effect from July 1, and will be unveiled when the Federal Budget is handed down

read more from dailymail.....

PREV Factbox: Cautious U.S. re-opening does not include U.S. government, yet
NEXT Convoy of carnage: MAX HASTINGS writes about one of the most dramatic forgotten ...