XN000022-1988-03-02 — Page 28

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