Don’t Tax Our Wine Irish Cry as Budget Finds Austerity Threshold
Don’t Tax Our Wine Irish Cry as Budget Finds Austerity Threshold
Dec 6, 2012 6
(BusinessWeek) - The Corkscrew Wine Merchants in Dublin did a week’s trade in one afternoon yesterday as shoppers made sure they beat a surprise increase in tax on alcohol.
Irish Finance Minister Michael Noonan said he would raise the levy on a bottle of wine by 1 euro ($1.30), or about 40 percent, at midnight, flocking people to stores before prices rose. At Corkscrew, just off Grafton Street in the city center, customers left clutching crates of bottles.
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