World

Australia government pledges temporary beer tax freeze as election looms

Mar 02, 2025

Australia [Canberra], March 2: Australian Prime Minister Anthony Albanese said on Saturday that his government would temporarily halt tax hikes on draught beer, amid sagging popularity for the governing Labor Party ahead of a general election due by May.
Australia is one of the world's wealthiest countries per capita and one of its highest-spending on alcohol per capita. Its centre-left government, lagging the main conservative political opposition in recent polling, levies inflation-indexed tax hikes on alcohol producers twice a year.
"The Albanese Labor Government will freeze the indexation on draught beer excise for two years, in a win for beer drinkers, brewers and hospitality businesses," Albanese said in a statement.
The measure, to start in August, would take pressure off beer prices at the nation's pubs and clubs as well as support local businesses and regional tourism, he said.
Speaking to media at a brewery in Sydney, the capital of New South Wales, Australia's most populous state, Albanese said that attending pubs was "part of who we are as Australians".
"This is something that has been requested for a long time," he said, referring to the tax relief, in remarks televised by the Australian Broadcasting Corp.
Alcohol is infused in the social life and identity of many Australians, but researchers expect a trend towards abstinence from alcohol to grow in coming years driven by health concerns and rising prices.
Source: Fijian Broadcasting Corporation

More news

Investing in Greenbay Golf Village: Is This Golf Community the Next Real Estate Hotspot?

Noida (Uttar Pradesh) [India], May 3: Yamuna Expressway is turning into the city of the future. With the first phase of the Noida International Airport slated for inauguration in a few months, a palpable frenzy can be felt in the region. Skyscrapers, villas, townships and independent plots are scenes of intense activity. Still, as your car glides down the super slick highway, a project catches your attention - swanky luxury plots/villas flanked by a 12-hole golf course. Even if you are not inclined to swing the golf club, the opportunity of owning a plot on which you can build a villa by the green fairways of the golf course is just too tempting.

May 03, 2025