Economics For Managers

BEA683 Economics for Managers: Research Project Alcopops Tax Student wee-wee: Cong Thanh Luu Student ID: 112318 subscriber:Miss Cherie Moore Due Date: Tuesday, twenty-fourth January, 2012 Alcopops Industry Overview Alcopops, too known as ready-to-drink(RTDs) or pre-mixed drinks, atomic number 18 pre-packaged alcoholic drinkic drinkable with the pct of alcohol varies from 4% to 8% for the premiumor super- capability alcopops (Drug Info, 2008). Alcopops are reported to be the most popular among 12-16 eld old, account for 46 share compared with 20 part popularity in over 18s (Australin Division of common Practice 2003). As alcohol strain is masked by adding milk, fruit juice or carbonated water, it is more enthralling to fresh good deal who are non interested in the bitter or styptic taste of alcohol (Munro, Learmonth, 2004). As a result, many preadolescent people cannot detect the taste of alcohol with either mellifluous mixes when drinking, leading to the larger economic utilization than they would. The research from Standing military commission in f scorernity Affairs in 2008 stated that 39% of young people from 18 to 19 years old thought the RTDs does not contain alcohol. This misconception results in lots of sociable and economic consequences.

Arguments of the genial and economic consequences on imposing alcopops revenue As the alcopops consumption add-ond continuously over the years, especially for womanly drinkers, the pistillate drinkers aged from 15-17 years raised from 14 percent in 2000 to 60 percent in 2004 (King et al 2005). In April 2008, an increase in tax income was passed on alcopops, raisi! ng the tax rate of RTDs in line with rate of the full strength beer. This tax was passed in value to make RTDs less cheap to young people and lower the underage binge drinking. However, in that regard as are opposition arguments on practiceing alcopops tax. People who advocate the apparatus of alcopops tax argued that the amount of RTDs consumption decreased significantly of 30.2 percent (from 18.7 million litres in...If you want to get a full essay, set out it on our website: OrderCustomPaper.com

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