Irish reel under ‘savage’ tax increase (by Decanter.com)

Posted: December 7, 2012 by wynmaker in Alcohol, Europe, Wine, World wine news
Tags: , , , , , , , , , , , ,
Irish reel under 'savage' tax increase.

Irish reel under ‘savage’ tax increase.

 

Wine merchants and restaurants in Ireland have been left reeling by the government’s shock decision to put a €1 tax increase on a bottle of wine from midnight on Thursday.

 

The news, part of Irish Finance Minister Michael Noonan’s 2013 Budget announcement, sparked a rush of panic buying in the country’s wine shops on Wednesday night, with some stores reported as doing one week’s trading in an afternoon.

Describing the 40% tax increase as ‘savage’, the Restaurants Association of Ireland said the hike in excise duty would bring a lot of restaurants ‘to their knees’.

‘Most restaurants are simply struggling to survive, especially those outside the major cities,’ said Adrian Cummins, association chief executive.
Read on …

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