Business Services Industry
Altia urges Finnish government to lower tax on spirits
Nordic Business Report, Dec 4, 2002
NORDIC BUSINESS REPORT-4 December 2002-Altia urges Finnish government to lower tax on spirits(C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
The Finnish state-owned alcoholic beverages group Altia hopes that the government will cut Finland's high taxes on alcohol.
Altia's chief executive told Reuters in an interview that the company is concerned that the easing of import regulations and the expected accession of neighbour Estonia to the European Union will harm its sales.
Under the current import rules, Finns are allowed to import only one litre of spirits from other EU countries. From 2004 this will increase to 10 litres.
Estonia plans to adhere to the EU's minimum requirements for taxation on alcohol products, which is likely to make prices considerably cheaper than in Finland.
The Finnish tax on spirits is currently 85% and Altia has urged the government to cut this by at least half.
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
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