Kate Smith on alcohol dutyKate Smith on alcohol duty
Alcohol Alert Podcast
Alcohol Alert, February 2016: In this edition, Ka…
20:58•7 Mar 2016
Kate Smith’s Take on Fairer Alcohol Taxes: A Deep Dive
“If we really want to target the alcohol consumption of heavy drinkers, we might want to think about a reform that increased the duty applied to high-strength spirits. That could be one option that might better target the social costs of alcohol consumption.”
Ever wondered why some alcoholic drinks are taxed more than others? In this episode of the Alcohol Alert Podcast, Kate Smith from The Institute of Fiscal Studies breaks it down for us. She explains why stronger alcoholic beverages should carry higher taxes per unit compared to their weaker counterparts. Drawing on data and economic theories, Kate sheds light on how tweaking alcohol duties could curb excessive drinking among heavy consumers.
She also touches on the complexities of reforming these taxes, especially given EU regulations and market competition. From the impact of falling spirit duties to the interplay between alcohol taxation and minimum unit pricing, this episode is packed with thought-provoking insights. If you're curious about the economic side of alcohol policy and how it affects society, this conversation with Kate Smith is a must-listen.
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