FINLAND DUTIES
March 1st, 2004
BY KEITH NUTHALLTHE FINNISH government has cut its high spirits taxes by one-third on average and its levies on wine and beer by around five and 10 percent respectively, to stop massive cross-border shopping when neighbouring low-tax Estonia joins the European Union (EU) in May. Indeed, said Finland state-run monopoly Alko, 0.7 litre vodka bottle prices have fallen from around Euro 15.50 to just over Euro 10.With the Finnish government estimating that tax reductions will cost it Euro 300 million in annual income given current alcohol sales, it is hoping the lower ...
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