Shock over increased wine tax

Thursday, 19 February, 2004
iol.co.za
An injustice against responsible alcohol consumers
(With thanks to iol.co.za)

The wine and spirits industry expressed shock on Wednesday at the increased tax especially on wine, announced by Finance Minister Trevor Manuel in his Budget speech.

Andre Steyn, spokesperson for leading wine and spirits producer and marketer Distell, said he was ‘speechless’ after hearing of the 30,7 percent increase on wine. The tax on spirits was raised with 13,5 percent. ‘We expected an increase of around two to three percent above the inflation rate, which would have resulted in a total increase of around 10 percent,’ Steyn said.

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Issued by: iol.co.za
Website: www.iol.co.za

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