Tag Archive | "Taxs"

Companies Slam British Tax on Wine

Companies Slam British Tax on Wine

CONSTELLATION Brands and Foster's Group, which own brands such as Hardys, Lindemans and Penfolds, have accused the British government of ''decimating'' the country's wine trade with constant tax rises. Both companies, which employ thousands of Britons, have cut jobs and started to transfer investment to other European countries. ''The government has pushed this way too far,'' said Troy Christensen, president of the European and Australian arms of Constellation, the world's biggest wine producer. ''Doing what they are doing may be expedient but it is decimating our industry. We are on our knees. We are not asking for a bailout, just a break.'' Research for The Sunday Telegraph shows that while the price of a bottle of wine has risen by 25 per cent since Labour came to power in 1997, the duty on it has risen by more than 53 per cent. [...more]

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