Beer, Wine, Alcohol And Taxes: A Most Excellent Recipe
By Edward Brown and James McCarten (July 13, 2018, 5:05 PM EDT) -- The alcohol beverage industry continues to see dramatic changes in markets, regulatory schemes and tax structures. The changes in the market conditions over recent years have been dramatic. Although alcohol consumption has held generally flat, alcohol sales by revenue have continued to increase — partly due to a change in the type of alcohol products being consumed. There has been a noticeable shift in recent years to premium and above-market products in all segments. For example, while the market share for beer as a whole has continued to slide somewhat, the market share for pricier craft products continues to increase. In addition, while the market share of spirits and wine have increased somewhat in recent years, the market share of premium and above-market spirits and wines have increased dramatically....
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