Excise tax could mean more illegal booze

  • 1998-08-20
  • By Denise Albrighton
TALLINN - The share of illegal alcohol in the Estonian market could climb to 40 percent if a planned alcohol excise tax hike goes ahead, producers of hard alcohol have warned. Currently one third of the market is taken up by illegal alcohol, said Tiit Oim, financial director of Liviko, the largest hard alcohol producer. And this figure could rise a further 10 percent if the expected increase on Dec. 1 gets the go ahead, said Oim. Producers estimate that the government is losing about 200 to 300 million kroons ($13.8 million to $20.7 million) each year in excise taxes as a result of illegal ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section