Monday, April 11, 2005

Minimum tax rate on alcohol in the EU set to rise

Buried in a press release on the agenda for this weeks Eurogroup & Finance Minsters Meeting was the following small paragraph under the heading - Alcohol taxation:

Commissioner Kovacs will state his hope that the Council can agree to allow the Commission to draw up proposals to adjust and modernise the existing system of minimum rates at least to re-establish the real value of the Community-wide minimum rates in the light of inflation since 1992 when the current minimum rates were set.
No doubt this will provide an excuse for tax increases on alcoholic beverages - it will take some time for this measure to get agreement but I'm sure it wil pass.