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Dylan Firth: Brewers' Association Executive Director on what less Kiwis drinking means for the Government tax take
Published 2 weeks, 2 days ago
Description
Kiwis drinking less could hurt the Government tax take, according to new reports.
Stats NZ data published last week shows total beverage volumes have fallen 10.7 percent since 2020
The Brewers Association estimates Treasury is likely overstating total alcohol excise revenue as much as $180 million dollars a year - up to 2029.
Executive Director Dylan Firth says it's been overestimated in Budgets for the past five years.
"They projected there would be a small dip after Covid, and then it would go back to normal, with slight increases over time. That just hasn't happened."
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