Australian booze prices to drop as producers handed big tax cut
Booze prices are set to tumble around Australia as alcohol producers are handed a tax cut to boost the hospitality sector's recovery. Australian drinkers have long endured some of the most expensive pints in the world, with Perth ranking second only to Oslo, due to enormous taxes. But on Saturday the federal government announced tax cuts of up to $250,000 a year for liquor producers hit by coronavirus. The move will come into effect from July 1, and will be unveiled when the federal budget is handed down later this month. Booze prices are set to tumble around Australia as alcohol producers ...