At the end of 2017, the U.S. Congress passed the first major tax reform legislation since 1986, and that legislation – the Tax Cuts and Jobs Act, which was signed into law by President Trump – will affect individuals and businesses across the country.
While parts of the alcohol industry have come under increased pressure over recent years, sparking a wave of consolidation among the likes of pub operators, distillers and brewers have proven to be resilient in both bull and bear markets, with strong market fundamentals sustaining demand for a tipple.
A market supported by booming population growth.
A new report has revealed that Brits can’t get enough of sparkling wine but Brexit and low yields could limit fizz supplies.
The UK’s sparkling wine trade saw volume sales increase 89% and up 206% by value in the last five years.
The market for Chinese alcohol sales is growing at a rapid pace with consumers acquiring a taste for premium and elusive products. Among the beneficiaries of the trend are wine and craft beers.
THE prospects for Scotch whisky in emerging markets are so exciting the risks posed by Brexit will not dampen its potential, one of the industry’s most respected figures has declared.
This post does not constitute tax advice. It summarizes changes in alcohol beverage excise tax laws to assist industry members in planning to implement the changes. Excise tax calculations and liability must be determined for each taxpayer based on numerous variables.
Last week in its regular newsletter, Alcohol and Tobacco Tax and Trade Bureau (TTB) announced updates to the Fall edition of the semi-annual Unified Agenda of Federal Regulatory and Deregulatory Actions (Regulatory Agenda). Like other federal agencies, TTB uses the Regulatory Agenda to report on its current rulemaking projects.
Shares of Kweichow Moutai Co. gained the most since mid-2015 after the world’s most valuable spirits maker said it will raise the price for its signature drink for the first time in five years.
PRNewswire/ -- Harrison Vickers', Attitude Beer Holding Company subsidiary, announced today that it has reached an agreement with the operating and marketing units of the chain of World of Beer taverns, to manage its taverns in Connecticut and Massachusetts.
Editor’s Note: Andrew Zender is the founder of ‘The Beer Label Guy,’ a compliance management consultancy that helps streamline regulatory approvals for breweries. As a former marketing manager for a mid-sized craft brewery, Zender helped to develop and launch new brands, redesign labels, change packaging formats and gain state approval as the company expanded its distribution.