Good news from the taxman for wineries Down Under
Well – this was a close call. I am sure that on the evening after the release of the budget many if not all winemakers in Australia opened a nice bottle of their best wine or sparkling to celebrate the budget outcome for them.
The Federal Government has decided last Tuesday to not implement rumoured changes to wine sales taxes in the budget. The reason is clear: Australia’s wine industry faces the toughest conditions in the last decades – to put more pressure on this industry would have been really tough. That’s why the CEO of Winemakers Federation of Australia Stephen Strachan released a press statement the day after the release, explaining how satisfied he and his fellow colleagues are about this successful way of lobbying in Canberra.
“Given the pressure they were under it would have been easy to fall back on the old mainstay of hitting predictable targets to raise money without considering the logic of such a move or the long-term consequences,” he said.
Australia’s wine taxes already are among the highest in the world, the effect of further burden would have had disastrous consequences for the wine industry here in Australia. With the bottling in many Australian wineries in full progress, there is good news from the tax front this week.
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