Proof Drinks to distribute Cavu spirits theshout.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theshout.com.au Daily Mail and Mail on Sunday newspapers.
Effectively it s like our business being turbocharged. Instantly our cash flow positions improve and that money can be spent where it s needed to grow our business. We re very excited about it. While Mr Hobson said the announcement was a big win for the industry, he urged the government to consider lowering the spirits tax. The government certainly hasn t moved on the rate of excise, which again we highlight is the third highest in the world in regards to the tax on spirits, he said. Cavu Distillery’s Sunshine and Sons brew. Picture: Patrick Woods The industry will continue to lobby for change and certainly we re disadvantaged in comparison to wine makers producing brandy.
Mr Hobson told the
Daily the spirits tax, which is the third highest in the world and almost 10 times higher than the US rate, was harmful to the Coast economy s Covid recovery. We re very happy as a conscientious business to contribute to the community through tax, he said. (But) the tax on spirits is very unfair and regressive in that it s multiple-times higher than the equivalent tax on lower alcohol beverages, including beer. Having already claimed the maximum rebate of $100,000 this financial year due to the economic impacts of the pandemic, Mr Hobson said the distillery was unable to expand.