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| Fogarty, James Joseph; Jakeman, Guy. |
| In addition to the GST, alcohol sold in Australia is subject to excise tax. Although both beer and spirits are subject to a volumetric excise tax, wine is subject to an additional value added tax known as the Wine Equalisation Tax (WET). The recent Henry tax review recommended substantial changes to Australian alcohol taxation policy. Here, the implications for the wine industry of the Henry tax review recommendations are explored using a computable general equilibrium model. The results show that: (i) replacement of the WET with a revenue neutral volumetric excise tax would have a small negative impact on the wine industry; (ii) removal of the WET rebate would have a substantial negative impact on small wineries; and (iii) applying a uniform alcohol tax... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Wine; Alcohol taxation; General equilibrium modelling; Demand and Price Analysis; Health Economics and Policy; R13; H23. |
| Ano: 2011 |
URL: http://purl.umn.edu/108667 |
