Original article by Simon Evans
The Australian Financial Review – Page: 7 : 5-Jun-15
Treasury Wine Estates and Pernod Ricard are lobbying for reforms to Australia’s wine equalisation tax system. They favour a standardised tax rate for all wines, irrespective of the price or quality. Penfolds Grange winemaker Peter Gago is also in favour of reform, arguing that the nation’s wine industry needs to focus more on the premium end of the wine market and encourage local consumers to drink wines that are of a higher quality.
CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, PERNOD RICARD SA, PENFOLDS WINES PTY LTD, JACOB’S CREEK PTY LTD, ABSOLUT VODKA, AUSTRALIA. DEPT OF THE TREASURY, MAGILL ESTATE
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