kernow43 Posted March 21, 2010 Share Posted March 21, 2010 The world's two biggest wine producers are scaling back their investment in the UK following punitive tax increases by the Government. 55pc of the price of a £4.32 bottle of wine – the UK average price – goes on taxes. Around £1.60 goes on excise duty, 65p on VAT and 11p on the Common Customs Tariff. A bottle of wine has increased by 25pc since Labour came to power in 1997, the duty on it has increased by 53.3pc What with pubs disappearing daily, what future is there for the drinking man? Tax rises drive wine makers out of UK - Telegraph The Government's share of what we earn has nearly doubled in value since Labour came to power. http://www.telegraph.co.uk/finance/personalfinance/how-budget-affect-me/7485899/Budget-2010-Tax-has-doubled-under-Labour.html The same will happen here in Australia if we don't get rid of these incompetent Labor party. Especially NSW & Queensland Link to comment Share on other sites More sharing options...
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