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  • Rum sales stop

    The Government's plan to realize projected revenues from the recent increase in alcohol taxes could be stymied by the withholding of products by major players in the market.
    RJR News understands that since the increased tax took effect on Wednesday, the biggest player in the wines market, Wray and Nephew, has been refusing to sell their products to retailers and wholesalers.
    Other players are said to have curtailed product sales as well.
    It is believed that Wray and Nephew is furious that they were not consulted before the implementation of the tax which their rivals, Red Stripe, lobbied for.
    The company has been in discussions with the Finance Ministry since Wednesday, but is yet to reach an agreement on the matter.
    The tax on alcohol was projected to earn the Government $618 million from now until the end of the fiscal year, to help plug an impending hole in the budget.
    However, with Wray and Nephew withholding sales until the company concludes consultations with the Finance Minister, it is not yet known how much of that money has been lost.
    On average, the increased tax should earn about $5 million per day for the Government's coffers.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

  • #2
    Originally posted by Lazie View Post
    The Government's plan to realize projected revenues from the recent increase in alcohol taxes could be stymied by the withholding of products by major players in the market.
    RJR News understands that since the increased tax took effect on Wednesday, the biggest player in the wines market, Wray and Nephew, has been refusing to sell their products to retailers and wholesalers.
    Other players are said to have curtailed product sales as well.
    It is believed that Wray and Nephew is furious that they were not consulted before the implementation of the tax which their rivals, Red Stripe, lobbied for.
    The company has been in discussions with the Finance Ministry since Wednesday, but is yet to reach an agreement on the matter.
    The tax on alcohol was projected to earn the Government $618 million from now until the end of the fiscal year, to help plug an impending hole in the budget.
    However, with Wray and Nephew withholding sales until the company concludes consultations with the Finance Minister, it is not yet known how much of that money has been lost.
    On average, the increased tax should earn about $5 million per day for the Government's coffers.


    BLACK LIVES MATTER

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    • #3
      no more rum? NOOOOOOOOO! Bruce need fi hurry up and fix this, him mussy want us rumheads rebel.

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      • #4
        There is a very serious problem, and is a good ting mi nuh deh a the island right now.
        Winning means you're willing to go longer, work harder, and give more than anyone else - Vince Lombardi

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        • #5
          Originally posted by Lionpaw View Post
          no more rum? NOOOOOOOOO! Bruce need fi hurry up and fix this, him mussy want us rumheads rebel.
          Drink Street Vybz rum. Does Wray and Nephew have the distribution rights for that too?
          "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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          • #6
            who own it Jamaicans or Trini?
            • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

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            • #7
              Originally posted by Lazie View Post
              Drink Street Vybz rum. Does Wray and Nephew have the distribution rights for that too?
              u know quality products mon. so how everybody say yah eediat? yuh nuh dat fool yunnuh.

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              • #8
                Imagine! And is di festive season!


                BLACK LIVES MATTER

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                • #9
                  Originally posted by Mosiah View Post
                  Imagine! And is di festive season!

                  Be thankful - no rum, so you won't be drunk and disorderly and probably end up in JAIL
                  Life is a system of half-truths and lies, opportunistic, convenient evasion.”
                  - Langston Hughes

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                  • #10
                    Mi sure say Bruce dem affi yield to Wray & Nephew. The rumheads are the backbone of this country. If they decide to take action, we're doomed.

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                    • #11
                      Originally posted by Lionpaw View Post
                      Mi sure say Bruce dem affi yield to Wray & Nephew. The rumheads are the backbone of this country. If they decide to take action, we're doomed.
                      Says alot.
                      "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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