Tagged: Tax Avoidance

NEWS: Thailand: Excise Tax Overhaul Affects Alcohol

The new excise tax will mark a substantial change in how Thailand computes taxes for products such as vehicles, alcohol, cigarettes, non-alcoholic drinks, batteries, crystal glass and air conditioners. The system replaces the existing ex-factory prices and cost, insurance and freight (CIF) values with suggested retail prices. The Excise Department hopes that the new basis will create a fairer system for manufacturers and importers after the revelation that some businesses were exploiting ex-factory and CIF values to understate their tax bills…

BLOG: Spinning The Truth: Diageo CEO Lies On TV

Diageo is not an ordinary company. This is not an ordinary CEO. Spinning the truth until it becomes a lie is not normal, even if it is standard in the alcohol industry. Diageo’s products are not ordinary commodities but harmful for individuals, families, communities and societies at large. Apparently Diageo is intent on evading responsibility, rather burdening society with paying the costs for the harms its products and marketing cause, instead of acting responsibly and ethically…

NEWS: Finland: €2 Million Unpaid Alcohol Taxes

Following investigation, Finnish customs net nearly two million euros in unpaid alcohol taxes from online stores
Online liquor sellers have had to fork out more than €2 million in unpaid taxes to Finnish Customs. The payout follows intense scrutiny of online retailers selling alcoholic beverages in Finland. This is only the tip of the iceberg of tax avoidance…

New Beer Behemoth Serious Threat To Global Health And Sustainable Development

Anheuser-Busch InBev and SABMiller, the two biggest beer producers in the world, have agreed on terms for a gigantic deal to merge both companies. The merger is set to create a beer behemoth responsible for one in three beers sold worldwide. This deal has to be viewed as a major threat to global health and sustainable development…