A typical carton of beer at 4.9% alcohol usually retails for around $52.00, however did you know more than $22.00 of that goes to the taxman, and he's holding his greedy hand out for more.
Catching up with mates over the weekend to wind down and enjoy a few coldies by the barbecue just got more expensive thanks to an automatic CPI increase that slugs beer drinkers every February and August.
Aussies are currently paying somewhere in the vicinity of $2.23 in taxes per litre of alcohol sold but after looking at countries we typically compare ourselves with, we find we are paying many times more in beer tax.
In fact we pay 17 times more than Germany, 15 times more than Spain, 7 times more than the US, and nearly double that of New Zealand.
Brewers Association of Australia CEO Brett Heffernan said that it's getting to the point that having a beer with your mates is beyond the reach of ordinary Australians.
“By far the biggest cost in the price of a typical Australian beer is tax. It’s not the ingredients, production costs, advertising, transport or even retail overheads and profits. It’s Australian Government tax," Mr Heffernan said.
“A massive 42% of the retail price on a carton of beer, is tax. Now it’s going up again."
“Most Aussies simply are not aware they are being hit so hard, or so often, with beer tax," he said.
The tax on beer has been going up every six months for the last 35 years and this latest slug is the 71st consecutive hike. It's time for a fair-go!
“Beer tax is now out of control. Simply freezing the six-monthly CPI increases will only lock-in the unreasonably high tax Australians are already paying. The rate of beer tax needs to be addressed if punters are to get genuine relief.”
A new report by economist and Emeritus Professor Kym Anderson AC from the University of Adelaide compared Australian beer tax with the Organisation for Economic Co-operation and Development (OECD) and the European Union (EU) countries.