Here's Why Champagne, Beer And Wine Is About To Get More Expensive

Champagne for my real friends, real pain for my sham friends.

Bad news for Aussies who love a drink – the price of your favourite bevvy is set to rise from 1 July 2017.

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Any booze business that sells more than $1 million worth of wine, beer, cider, mead, sherry, sake, rose and/or champagne per year will be left short-changed after the 2016 Budget. And they are likely to pass on their costs to consumers.

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Changes to the wine equalisation tax rebate (ironically nicknamed WET) are likely to hit medium and large vineyards hard.

Say goodbye to your favourite second-cheapest bottle of wine.

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It’s going to be equally tough for rappers and housewives who like to indulge in Veuve, Moet and Chandon.

BBC

Both will be hit by the WET changes.

The government says the changes will raise $300 million in revenue over four years … but they will likely cost you 300 spins on the wheel of goon of fortune.