G.F. 316
SECRET 高度機密
reintroduced duty be passed on to the consumer, which is by no means inevitable in view of competition, retail prices could increase by between 2% and 13% (62). I estimate the yield in 1985-86 to be $100 million.
Non-alcoholic Beverages
122.
Prior to 1973 a duty was imposed on table waters. It was removed mainly because
mainly because the then yield of $10 million was
but also because of increasing
considered
enforcement
insignificant,
and definition difficulties as a result of a wider
range of soft drinks becoming available in the market.
123.
now propose
to
drinks are now
There are three reasons why I
reintroduce the duty. Firstly, many soft retailing at prices similar to those for beer. I consider that those who can afford soft drinks can arguably afford to pay duty
as for beer. Soft drinks are A pleasing indulgence not a necessity. The duties on beer which come into effect today range between 20% and 30% of the retail price. In respect to soft drinks, the rate which I will propose will average half this incidence. Secondly, it is obviously important that the revenue-producing base should be broadened whenever possible and the potential yield is now
definition now proposed for than that applicable to the
large. Thirdly, the legislative non-alcoholic
non-alcoholic beverages is wider table water duty repealed in 1973.
(62) The effect on arbitrarily selected products will be
-
Approximate
cost per unit (CIF/
Approximate
retail
price without Proposed %
Item
wholesale)
duty
($)
duty
duty
increase
($)
Masque blue tube
5.40
80.00
1.40
1.8
Lipstick
7.90
49.00
2.00
4.1
Perfume spray
61.90
195.00
15.50
7.9
Face powder
10.80
75.00
2.70
3.6
Moisture cream
169.60
320.00
42.40
13.3
Hairspray
8.70
26.50
2.20
8.3
After shave lotion
10.80
52.00
2.70
5.2
J
SECRET 高度機密