Latvia's parliament approved a plan on Monday to cut the tax on strong alco...
RIGA - Latvia’s parliament approved a plan on Monday to cut the tax on strong alcoholic drinks by 15%, the latest move in a battle for “booze tourists” from Finland and Estonia, a week after its Baltic neighbor Estonia slashed its own liquor tax by 25%.
Latvia’s move will mean a 70-million-euro loss in its tax revenues, but taking no action would have meant a loss of 92 million euros as more trade moved to Estonia, the government in Riga said. “The people who come to Latvia and purchase alcoholic drinks also buy petrol, they also use accommodation to stay over night, or they purchase other goods in the shops,” she said.
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