Boozterity: Ireland Hikes Alcohol Tax

Tyler Durden's picture

While at first glance we assumed this was Wednesday Humor, but as Noonan tells us all that Ireland is "well on the road to recovery" amid the "total transformation" in Irish bond yields; he added some rather stunning additions to the tax code. To wit, an increase in excise duty by 10c on a pint of beer, 10c on a measure of spirits (shot of liquor), and EUR1 on a 75cl bottle of wine. These changes will take place at midnight tonight Ireland time - we suggest (responsibly) that in order to ensure averaging down in lifetime aggregate spend on alcohol that the Irish start drinking heavily. Forget austerity - the age of boozterity has begun (and with it come the revolution).