A. Le Coq CEO threatens plant closure as alcohol excise duty increases (6)
Tarmo Noop, the head of A. Le Coq, one of the two largest beer producers in Estonia, said if the government keeps up increasing alcohol excise duty his company will shut down its factory in Estonia.
“Some time ago I had a chat with a politician, who said we are doing well, looking at profit figures. Therefore the state has room to increase tax to cut profits. This is characteristic of the state's mentality; the state is not support businesses and tries to make the environment as bad as possible,” Noop told Äripäev.
The excise tax on alcohol will increase by 15 percent starting January 1, instead of a initially planned 5 percent.