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Showing posts with the label grapes

Australian Wine Society in Debt

Members moves on from the Australian Wine Society. It seems just about everybody is investing in vineyards. The wine industry has drawn in big investors and hobbyists. Unfortunately, people do not think before they jump in. They are seeking to fulfill a dream: there is a certain amount of glamour involved in saying I am a wine maker, a vintner. There is a world glut of wine, particularly the cheap ones. Nations have pushed to establish new vineyards. It has had the aura of a local car industry or airline. Newcomers enter the industry all the time without doing any research and little training. Too much drinking not enough thinking It is not surprise to hear that the oldest wine club in Australia founded in 1946 is literally in the red, by a shocking amount. It owes a staggering $4.2 million to its wine producers. It operates as a distributor, buy and selling, though ostensibly not-for-profit. Supermarket chains sell nearly all wine in Australia and in a situation of overs...

Tax on Internet Sales is Economically Irrational

Calls by big business in Australia for the Goods and Services Tax to be extended to cover Internet purchases less than a thousand dollars is just sour grapes on their part. Only 3 per cent of all Australian purchases are for Internet sales and many of these are local Australian purchases. The Government has said the cost of collection would be far more than the income gained. Such a tax would be like re-implementing tariff barriers. It could certainly be interpreted that way. Big business is not calling for new trade barriers is it? It has taken half a century to reduce barriers in the car industry. Even now some obstacles to free trade remain in motor vehicle production. Australian businesses have to lift their game. Go into a department store and try to find someone to give assistance. You can't find anybody! Staff has been cut to ridiculously low levels. If you do find a lower price for a product on the Internet from a company overseas there is still the post and packaging cost ...