Alcohol Could Be Target For Tax Revenue But Ireland And UK Already Look Maxed Out

With many countries in Western Europe facing large fiscal deficits policy makers have in some cases looked to the alcoholic drinks industry to close the gap. Alcohol duties have increased in a number of countries, with particularly stiff rises in Spain, Greece and Ireland. However, if the duty rises imposed are too large this policy clearly poses the risk of reducing consumption to such an extent that tax revenues actually fall, particularly if the economic backdrop is weak.

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