By Jim Boyce
Decanter reports that gambling hotspot Macau scrapped its 15 percent tax on wine, just months after Hong Kong took similar measures, though single malt lovers have much less to celebrate. “A 10% tax on beer has also been lifted, though a duty of 10% remains on drinks containing more than 30% alcohol,” writes Maggie Rosen. Decanter states:
In 2007, the tiny former Portuguese colony – now a Special Administrative Region of China, like Hong Kong, and one of the world’s richest cities – overtook Las Vegas as the gambling capital of the world.
Like its rival, Macau has sought to transform a seedy image by attracting high rollers by building upmarket hotels, resorts and restaurants – many of which have important wine cellars.
Hong Kong abolishes wine taxes: The impact on China?
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