The Resource The United Kingdom, an emerging leader in wine taxation?

The United Kingdom, an emerging leader in wine taxation?

Label
The United Kingdom, an emerging leader in wine taxation?
Title
The United Kingdom, an emerging leader in wine taxation?
Creator
Subject
Language
eng
Summary
This article seeks to compare the supplementary indirect taxes on wine in the UK, a nascent wine producer, with significant wine producing countries: Australia, a "New World" wine producer and "Old World" industry leaders, Italy and France. The article compares and analyses these tax policies by having regard to four well accepted tax policy criteria: fiscal adequacy, economic efficiency, equity and simplicity. The article finds justification for higher levels of wine excise to help address the elevated levels of the external costs associated with abusive alcohol consumption. However, only one of the four countries, the UK, imposes a substantial wine excise, although this appears to fall short of the optimal level. The three significant wine producing countries impose zero or minimal wine taxes on cheap wine. In the excise reform process governments need to address the underlying community attitudes as well as wine industry concerns. Phasing in high wine excises over a medium to long term period would enable consumers and producers to adjust
Citation source
In: British tax review. - London. - (2012),
http://library.link/vocab/creatorName
Kenny, P
Language note
English
http://library.link/vocab/subjectName
  • indirect tax
  • excise duty
  • tax policy
Label
The United Kingdom, an emerging leader in wine taxation?
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Publication
Label
The United Kingdom, an emerging leader in wine taxation?
Publication

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