18
WEDNESDAY, MARCH 2, 1988
IN INCLUDED
THE
OF PACKAGE
INCREASES IN DUTY RATES ON HYDROCARBON OILS, INTOXICATING
REVENUE-RAISING
IMPORTED ALCOHOL MILLION IN 1988-89.
AND
TOBACCO
WHICH
WERB
MEASURES
LIQUOR AND YIELD EXPECTED TO
$207
WERE
THE SPECIFIC
PRINCIPLE
DUTY RATES
UNDERLYING SHOULD
THE
EXPLAINED THAT MR JACOBS
ВЕ ΤΟ
THAT CONTINUED REVISIONS MAINTAINED IN REAL TERMS BY MEANS OF REGULAR SMALL CHARGES BROADLY LINE WITH INFLATION.
ON HYDROCARBON OILS, HE PROPOSED TO INCREASE THE DUTY MOTOR SPIRIT FROM $2.40 TO $2.55 A LITRE, AND ON DIESEL OIL VEHICLES FROM $1.20 TO $1.27 A LITRE.
DIESEL
THE OIL TO THE REFUND ON WOULD REMAIN AT 65 CENTS A LITRE, HE ADDED.
BE
IN
RATE ON FOR ROAD
FRANCHISED
BUS
COMPANIES
THE ADDITIONAL REVENUE YIELD FROM THESE TWO INCREASES WOULD $98 MILLION IN 1988-89.
PROPOSALS THREE
BE
TO MAKE REGARDING BEER, NON-EUROPEAN PER CENT IN BASIC RATES ΤΟ $4.55 A $12
HE HAD MR JACOBS SAID INTOXICATING LIQUOR: FIRST, FOR CIDER AND PERRY, TYPE WINES AND CHINESE TYPE SPIRITS, AN INCREASE OF SIX THE SPECIFIC DUTY ELEMENTS; SECONDLY, AN INCREASE IN THE FOR IMPORTED ETHYL ALCOHOL AND METHYL ALCOHOL FROM $4.30 LITRE; AND THIRDLY, TO REDUCE THE SPECIFIC DUTY RATE ON BRANDY BY
-- WHILE LEAVING WHISKY, GIN. PER LITRE FROM $67 TO $55 PER LITRE
SPIRITUOUS LIQUORS AT THE EXISTING LIQUEURS, RUM, VODKA AND OTHER
ΤΟ PROTECT THE REAL SPECIFIC DUTY RATE OF $48 PER LITRE. HOWEVER,
THESE LIQUORS WOULD BE REVENUE YIELD, THE AD VALOREM RATES FOR ALL INCREASED FROM 20 PER CENT TO 30 PER CENT.
THE
MR JACOBS EXPLAINED THAT THIS PROPOSAL WAS CONSISTENT WITH VIEW OF HIS PREDECESSOR THAT A PURCHASER OF A CHEAPER BRAND SHOULD NOT BE REQUIRED TO PAY THE SAME DUTY PER BOTTLE AS A PURCHASER OF EXPENSIVE BRAND.
THE EFFECT OF LOWERING THE DIFFERENTIAL BETWEEN THE DUTY
ON THE IMPOSED ON BRANDY AND WHISKY WILL MEAN THAT THE DUTY BRANDIES WILL BE REDUCED BY SOME 12.5 PER CENT, THAT IS $9 PER
IN RISE
THE DUTY
THE ON WHEREAS THERE WILL BE A WHISKIES.
MODEST
NO CHANGES WERE PROPOSED TO EXISTING DUTY RATES AND SPARKLING OR STILL WINES.
MORE
RATES
CHEAPER
LITRE, CHEAPER
FOR CHAMPAGNE
REVENUE YIELD ASSUMING
MR JACOBS SAID THAT HE ESTIMATED THE ADDITIONAL FROM ALL THESE CHANGES IN RATES TO BE $40 MILLION IN 1988-89 NO CONSUMER RESISTANCE.
TURNING TO