Economics For Managers

BEA683 Economics for Managers: Research Project Alcopops Tax Student cause: 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, are 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 per centum compared with 20 share popularity in over 18s (Australin Division of habitual Practice 2003). As alcohol savour is masked by adding milk, fruit juice or carbonated water, it is more fetching to fresh flock who are non interested in the bitter or styptic taste of alcohol (Munro, Learmonth, 2004). As a result, many unseasoned people cannot detect the taste of alcohol with either mellifluous mixes when drinking, leading to the larger utili zation than they would. The research from Standing military commission in partnership 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 hearty and economic consequences on imposing alcopops revenue As the alcopops breathing in additiond continuously over the years, especially for womanly drinkers, the effeminate 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 revenue w as passed on alcopops, raising the tax asse! ss 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 venerate are opposition arguments on practiceing alcopops tax. People who advocate the hold 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 up it on our website: BestEssayCheap.com

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