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Tuesday, December 6, 2011

'Alcohol pricing and taxation policies': IFS still favours taxation over minimum pricing

The economics think-tank the Institute for Fiscal Studies (IFS) have published a new report on Alcohol pricing and taxation policies. It echoes many of the findings from a report last year in which it suggested minimum pricing would transfer further profits to industry and retailers, therefore favouring increased taxation.

The new report however suggests the current alcohol taxation system is not optimal and a "sensible starting point would be to tax all alcohols at an equivalent rate per unit. Such a change would require policy action at the EU level which the Government should pursue." > > > > Read More