Australia should be helping its premium wine industry, not hindering it through tax.
The reputation of Australia's winemarkers is at risk because of the way taxes and subsidies distort the industry.
Most people appear happy to describe wine in one or two words. And yet …
The reality of the market is that most wine industry sales are very simple and bulk oriented. People are interested in wine being cheap, and tasting reasonably good. So why is the language so flowery?
KKR and Rhone Capital have joined forces and sweetened the initial May offer for Treasury Wines Estate.
It is sometimes said that at least investors in vineyards can drink their losses. Indeed, it’s been a rocky few years for the Australian wine industry. External pressures have been challenging and much…