Sentences with phrase «volumetric tax»

Preventive Health: a national preventive health strategy; more funding for alcohol misuse prevention and treatment; including workforce development to address unmet demand for treatment; a volumetric tax on all alcohol products.

Reaction to the House of Representatives Standing Committee report Alcohol: hurting people and harming communities, continued, with the Royal Australian College of Physicians backing several of the recommendations including the call for a national minimum floor price on alcohol and a volumetric tax on alcohol.

Our modelling suggested that replacing the WET with a volumetric tax, alone, would increase taxation revenue by $ 1.3 billion, reduce overall alcohol consumption by 1.3 %, significantly reduce alcohol related harm and save lives.

The ideal tax structure, it was suggested, would be a volumetric tax on all alcoholic beverages, applied at the same rate of tax per litre of alcohol across all beverages.6 However, the review did not provide any detailed estimates or modelling of the optimal tax rate on alcohol nor how this would affect government revenue, overall consumption or changes in the social costs from harmful consumption.

Of all the scenarios, perhaps the most politically feasible policy option at this point in time is to abolish the WET and replace it with a volumetric tax on wine.

Not exact matches

Coopers Brewery managing director Tim Cooper said last week the only way for a long - term decline in mainstream beer consumption to be reversed in Australia would be if the Federal Government started taxing wine on a volumetric basis.

Replace the WET on wine and cider with a volumetric excise rate equal to the current excise tax rate applicable to low - strength beer sold offsite

Replace the wine equalisation tax (WET) on wine and cider with a volumetric excise rate equal to the current excise tax rate applicable to low - strength beer sold offsite.

The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $ 0.45 / gallon US.

The Senate is expected to vote on S. 520, a bill to repeal the 45 cents per gallon volumetric ethanol excise tax credit (VEETC).