Orange winemakers over a barrel as Kiwis show the way on tax system

WE know Australians make better wine than the Kiwis but there could be something our New Zealand counterparts are doing better. Instead of implementing a wine equalisation tax (WET), which means wine is taxed at 29 per cent of its wholesale value, in New Zealand alcohol is taxed on its volume. This means New Zealand is protecting its high-end industry by making cheap Australian wine more expensive comparatively to New Zealand’s high-end wine.