While drinkers look forward to toasting International Beer Day next Friday, Australian craft brewers are drowning their sorrows over a tax regime they say is crippling their industry and is now the third highest in the world.
When CPI figures are released on July 31, the latest beer excise rise will be calculated and take effect on August 5. Brewers say the tax has been supercharged by high inflation, with rate rises totalling more than 17 per cent since early 2020.
