Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Aussie Wine Industry Gets Huge Tax Break

The Australian wine industry has emerged as huge winner from a generous $A30 million tax break negotiated between the Government and the Australian Democrats. John Howard reports.

Under the deal announced yesterday, small wineries will have all of their wine equalisation tax on cellar-door and mail-order sales refunded.

Large wineries will also retain their exisiting exemptions plus new Commonwealth-funded tax breaks worth about $A12 million.

The wine industry has applauded the announcement, saying it was better than it had expected. The president of the Winemaker's Federation of Australia, Brian Croser, said it was "very, very good news for the wine industry."

Senator Lees said the Democrats always recognised the importance of the wine industry and had vigorously defended it. "These rebate arrangements represent a huge win for small wineries and will provide a major boost to regional tourism in which wineries play a very significant part," she said.

New Zealand wineries, who compete on competitive world markets, will no doubt be considering their position if this is as bad as it looks.

Just what the tax arrangements are for New Zealand wineries is not clear, but then, our tax laws are so complex that they are not able to be properly understood by most New Zealander's.

I'm left wondering what rhetoric the Australian Prime Minister might engage in at the upcoming APEC free-trade talks. Then there is CER arrangements between Australia and New Zealand. How does this new tax break affect that?

I don't have the answers but the New Zealand wine industry surely will.

ENDS

© Scoop Media

 
 
 
Top Scoops Headlines

 

Commercial Scoop User? Help Scoop Survive (and Thrive!)

The ScoopPro licensing terms require that commercial users of Scoop.co.nz pay a reasonable fee in order to access the Scoop site so that this same information remains free and accessible to the wider public regardless of their disposable income. More>>

ALSO:

Joseph Cederwall: Building a Community Newsroom

A combination of new technology, ideas, institutions and business models and a renewed energy and commitment by the Scoop team, means Scoop aims to be at the forefront of the development of this renaissance that we term ‘News 3.0’. More>>

ALSO:

Scoop 3.0: Saving The News

Scoop Co-Founder Alastair Thompson - One of the saddest aspects of the decline of the news industry, not just here in NZ - but everywhere, is that it often seems invisible, in large part because news is a confidence business... More>>

ALSO:

UK Cabinet Backs Deal: Gordon Campbell On The Latest Roll Of The Brexit Dice

Brexit has left the British public looking like a nation of Wellington bus commuters. In both cases, the unholy mess bears no resemblance to what people were promised or the spin being used to justify it. More>>

Gordon Campbell: On The Democratic Leadership And Trump

On the big picture, the poll predictions were dead right. In the end, the Democratic Party won a clear victory in the House, and lost as expected in the Senate, where it had been defending at least 10 seats in regions that had voted heavily for Trump in 2016. More>>

ALSO:

 
 
 
 
 
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog