IMPORTED HYDROCARBON OILS
19
MR JACOBS PROPOSED AN
INCREASE IN THE DUTY RATE ON MOTOR SPIRIT FROM $2.55 A LITRE TO $2.75 A LITRE, AND ON DIESEL OIL FOR ROAD VEHICLES FROM $1.27 A LITRE TO $1.37 A LITRE.
THE REFUND ON DIESEL OIL TO THE FRANCHISED BUS COMPANIES WOULD REMAIN AT 65 CENTS A LITRE, HE SAID.
THE ESTIMATED ADDITIONAL REVENUE ARISING FROM THESE INCREASES WOULD BE SOME $143 MILLION IN 1989-90.
INTOXICATING LIQUOR AND ALCOHOL
MR JACOBS MADE A NUMBER OF PROPOSALS IN RELATION TO INTOXICATING LIQUOR AND ALCOHOL.
THE FIRST CONCERNED BEER ON WHICH DUTY WAS CURRENTLY ASSESSED ON THE QUANTITY AND THE ORIGINAL SPECIFIC GRAVITY OF THE PRODUCT RELEASED TO THE LOCAL MARKET.
MR JACOBS SAID THE 'ANTIQUATED" PROCEDURES INVOLVED, WHICH DATED BACK TO THE EARLY YEARS OF THIS CENTURY, WERE CUMBERSOME AND EXPENSIVE TO ADMINISTER, AND WERE NOT APPROPRIATE IN TODAY'S RAPIDLY EXPANDING BEER MARKET.
TO OVERCOME THESE PROBLEMS, HE PROPOSED THAT DUTY BE ASSESSED SOLELY ON THE VOLUME OF BEER, WHETHER RELEASED FROM A LOCAL BREWERY OR IMPORTED.
"I EXPECT BOTH THE TRADE AND THE CUSTOMS AND EXCISE DEPARTMENT TO BENEFIT FROM THE IMPROVED EFFICIENCY AND REDUCED COSTS THIS NEW ARRANGEMENT WILL BRING, HE SAID,
"AFTER TAKING ACCOUNT OF THE INCREASE REQUIRED TO MAINTAIN
RATE WILL BE REVENUE YIELD IN REAL TERMS. THE REVISED DUTY HECTOLITRE.
THE
$220
A
THE FULL DUTY INCREASE IS EQUIVALENT TO LESS THAN ONE CENT A CAN ON LOCALLY BREWED BEER.
ON
DUTY
RATE
MR JACOBS ALSO PROPOSED AN INCREASE IN THE SPECIFIC ON LIQUEURS, WHISKY, GIN, RUM, VODKA AND ALL OTHER SPIRITUOUS LIQUORS, EXCEPT BRANDY, BY $4 A LITRE FROM $48 TO $52.
IN ADDITION,
HE PROPOSED
то ELIMINATE THE EXISTING RATES DIFFERENTIAL ON SPECIFIC DUTY
BETWEEN BRANDY AND ALL OTHER ON BRANDY BY SPIRITUOUS LIQUORS, BY REDUCING THE SPECIFIC DUTY RATE
$3 A LITRE FROM $55 TO $52.
/IN ORDER .***