Beer hit with biggest tax hike in ‘more than 30 years’
The Albanese Government is about to slug beer drinkers with the biggest tax increase in more than three decades.
Brewers Association of Australia CEO John Preston says the biannual indexation coming in today has resulted in a 4 per cent tax rise on beer.
He says it’s “the largest in more than 30 years”.
“It automatically goes up twice a year, come rain, hail or shine,” he told Ross and Russel.
“Over the years that little bit gets more and more. It means we’ve now got the fourth highest beer tax in the world in Australia.”
The hike will see the tax on a carton rise by 80c, to $18.80.
Pub patrons are being warned they’ll soon regularly be paying around $15 for a pint at their local.
Only Japan, Norway and Finland charge more tax on beer than Australia, and Mr Preston says Australia will overtake Japan next year.
Press PLAY below to hear more about the tax hike