tag:blogger.com,1999:blog-2830084253401570472.post1194757946807652917..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Tax incidence: alcohol editionEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2830084253401570472.post-82509643770853384842012-06-23T00:01:09.086+12:002012-06-23T00:01:09.086+12:00Not sure about taxes on drugs Eric,
You can get a...Not sure about taxes on drugs Eric, <br />You can get a bottle of nasty hooch whisky or Rum here in Bangkok at the open market for about 350 bahts, thats $NZ13,<br />But you can not buy wine at all it is taxed at 300%, a bottle of good Australian red can hit you for 1000 baht, sweet jesus Yingluck Thaksin,<br />good tourist promotion,<br />and thats why we get to be whisky alcoholics.<br />I said to Wan, you ask that joker in this market here, where I buy whisky, you just ask him,if he pay tax, and she did, and he laughing and laughing, I am taking his photograph already but he laughing so much with the jokingpeterquixotehttps://www.blogger.com/profile/15873112816453062068noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-70842996980824629382012-06-22T11:19:34.240+12:002012-06-22T11:19:34.240+12:00Accounting conventions can have real effects - tha...Accounting conventions can have real effects - that's a good example. <br /><br />What happens if they age it in the barrels for years before bottling?Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-54165345116893069002012-06-22T10:34:22.552+12:002012-06-22T10:34:22.552+12:00One unintended consequence of these rules may be t...One unintended consequence of these rules may be that New Zealand wineries tend not to cellar stuff for very long. I was once told by a winemaker that they don't cellar much because the excise is levied at the time of bottling rather than the time of sale. That requires a huge amount of working capital, the cost of which eats up the premium you get for aged wine.<br /><br />(Pure anecdote - I have no idea of how valid this is.)Bernard Darntonnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-79642584434968852752012-06-22T10:21:44.666+12:002012-06-22T10:21:44.666+12:00That kind of approach is eminently sane.
Petrol t...That kind of approach is eminently sane.<br /><br />Petrol taxes in New Zealand, while high, aren't really objectionable. They're put into a fund for road construction and maintenance; it's not a bad way of running things.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-83030500541985922962012-06-22T10:13:54.261+12:002012-06-22T10:13:54.261+12:00Many years ago I was doing a job in semi-Outback A...Many years ago I was doing a job in semi-Outback Australia. I'd traveled several hours on a choking dust road until I came to a change in territorial coverage and turned on to a very average tar sealed road. A few metres along this was a large sign put up by the local (Shire?).. can't remember, but the gist of the sign was "This is a Federal road, any complaints about its shocking condition should be directed to the Federal Government".<br /><br />I kind of like that attitude towards the sin taxes and fuel, ie, the local bottle store could have a large sign up above the bins saying "Our price to you is 60% of the marked prices.. the remaining 40% are the sneak taxes forced on you by your Govt".<br /><br />I hold that the actual cost of Govt should be paid upfront (as much as possible) in income and company tax.. so that people can see the actual cost imposed on them by the Govt. <br />I'm sure that would in short time, reduce the Govt Gorilla on our backs to something akin to just a monkey.<br /><br />JCJChttps://www.blogger.com/profile/00875768024598278750noreply@blogger.com