Now Available: Spirits in Dominican Republic
The fiscal reform is clearly the event that influenced the most the performance of spirits during 2013. The tax rises in most tax types, from gasoline and savings to value added and excise, led to a double negative effect on the consumption of spirits: a decrease in the disposable income of consumers, and an increase in the prices of spirits in a magnitude never seen before. The subsequent volume drop was a sharp 8%, but it could have been worse,...
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