EU EXCISE DUTY INCREASE PROPOSED
September 1st, 2006
BY ALAN OSBORN
IN a long-expected move the European Commission is proposing to raise the minimum rate of excise duty on alcoholic drinks sold in the 25 EU countries by 31% in order to take account of inflation in the period since 1992 when the rates were last agreed. In practice the move will have only a tiny effect since most member state already apply well above the minimum rate and for the others there is a transition period running up to 2010. Thus for the countries affected - Germany, Luxembourg, the Czech Republic. Lithuania, Latvia and Malta - the ...
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