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ru24.net
News in English
Май
2019

Latvia planning tit-for-tat alcohol excise cut

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Following Monday's announcement that a bill to reduce excise duty on alcoholic drinks was to be put to the Riigikogu, Latvia has followed suit in announcing its own proposed excise duty cuts. Estonia's higher excise duties in recent years had contributed to a thriving cross border trade, with customers from Estonia and even Finland traveling to Latvian border towns to stock up, meaning the excise revenue, and business as a whole, left Estonia.



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