Congrats to cheaper beer
Australian brewers and consumers won a major battle when the Howard Government and the Australian Democrats agreed to back down on excise.
The deal ended months of wrangling over the price of draught beer after the introduction of the Goods and
Services tax (GST) last July. Draught beer had risen as much as 11 % in price, sparkling accusations that the Howard Government had broken a key election promise that beer prices would increase only minimally under the GST. Under the new agreement, the price of a glass of beer (285ml) dropped 10c. Immediately, consumers were encouraged to "dob in a pub" if they believed the tax cut on beer had not been passed on over the bar. It found that 55 % had
not passed on the reduction..
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