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”
Content takes time and resources. And I don't have advertisers or sponsors. If you find Grape Wall useful, please help cover its costs via PayPal, WeChat or Alipay.
You can also sign up for my free newsletter here. Follow Grape Wall on LinkedIn, Instagram, Facebook and Twitter. And see sibling sites World Marselan Day, World Baijiu Day and Beijing Boyce. Reach Grape Wall via grapewallofchina (at) gmail.com.
Leave a Reply
You must be logged in to post a comment.