Industry / Estonia
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Estonia Raises Alcohol Taxes To 20%
June 2007 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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In a move that will have major repercussions for both the alcoholic drinks and tourism industries, Estonia's Ministry of Finance has presented a draft plan to increase alcohol tax by 20% effective from January 2008. The government had originally planned to implement a 10% tax hike, but decided that this measure would not be strong enough. This is a part of a broader tax reform package that will also raise taxes on tobacco and fuel. Estonia's low levels of alcohol tax have been a major issue of contention since it joined the EU in 2004. With some of the highest