Tax Rise tagged posts

New Wine Tax Tabled in Australia

September 6, 2011 Taxation in Australia

Tax on wine in AustraliaAustralia needs to change its current tax treatment of alcohol, which now results in boxed wines being sold cheaper than bottled water.

Calls have been raised to change the way that wine is taxed in Australia in order to cut down on the occurrence of excessive drinking, and significantly raise national tax revenues. The proposal was brought forward in a report published on September 5th by the Australian Alcohol Education and Rehabilitation Foundation.

According to the authors of the report, the amount of taxes on wine should be based on the level of alcohol in the drink. Currently, Australia’s tax system for the sale of wine is based on the sales price of the product...

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Tax Hikes Reason for Japanese Election Loss

July 12, 2010 Taxation in Japan

Korea-Japan summit talks in Toronto, CanadaJapan’s ruling political party has suffered a major setback in its plan to instate tax hikes, after experiencing a defeat at the national Upper House elections.

According to media exit-polls, the Democratic Party of Japan (DPJ) has won fewer than 50 seats of the contested 121 seats in the Upper House Government elections, held on June 11th. The result has been attributed to the party’s proposal of doubling the national sales tax rate to a level of 10 percent. The DPJ previously stated that it was aiming at attaining at least 54 seats. Official election results, scheduled for release by June 13th, are expected to confirm that the DPJ will hold a maximum of 110 seats of the total 242 Upper House seats.

Naoto Kan, Prime Minister of Japan and DPJ leader, has stated that he intends to stay ...

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