By Jim BoyceÂ
As mentioned yesterday, Hong Kong has abolished its wines taxes in an effort to make the place even more important as a wine trading hub. China Briefing blog reports that the savings will be substantial:
As the duty on alcohol is paid on the wholesale cost of wine, Jeanette Paterson, general manager at Watson’s Wine Asia, Hong Kong’s largest wine supplier, said consumers would actually pay around 22 percent less in shops and bars.
Retailers in Hong Kong are already reacting, as the poster below shows (thanks to Campbell Thompson for passing it on). He received in in an e-mail with the title: “We Share Tax Reduction to All Wine Lovers”
Grape Wall has no sponsors of advertisers: if you find the content and projects like World Marselan Day worthwhile, please help cover the costs via PayPal, WeChat or Alipay.
Sign up for the free Grape Wall newsletter here. Follow Grape Wall on LinkedIn, Instagram, Facebook and Twitter. And contact Grape Wall via grapewallofchina (at) gmail.com.
Leave a Reply
You must be logged in to post a comment.