The taxes and restrictions in USA well serve the huge wine makers in USA, restrictions and taxes which disadvantage the small winery in world trade. hong Kong cut the taxes on restrictions on wine and spirits in 2008, and the market is booming, naturally. Even USA retailers are opening up to take advantage, and of course to make money.
“Hong Kong is the strongest wine market in the world right now, so it was a logical transition,” says Ms Bradbury, who has run similar businesses in New York and Las Vegas.
“We looked at Tokyo in 2007, then Beijing in 2010, and were always keen to try our luck in Asia. But when the tax was repealed on wine in Hong Kong, the city seemed like the obvious location,” says Andrew Bradbury.
The USA auction houses do better in Hong Kong than in New York. So what do we do to compete? Nothing. And doing nothing also makes it hard for USA wineries to compete in China. The silly paperwork required for exports on the USA side is an opportunity killer. Why should the USA govt care in any way what is exported? Isn't the importer's concern and care enough of a check?
If we want to see USA wineries thrive, we have to match Hong Kong's deregulation and tax elimination on wine. And beer. And spirits.
Feel free to forward this by email to three of your friends.
“Hong Kong is the strongest wine market in the world right now, so it was a logical transition,” says Ms Bradbury, who has run similar businesses in New York and Las Vegas.
“We looked at Tokyo in 2007, then Beijing in 2010, and were always keen to try our luck in Asia. But when the tax was repealed on wine in Hong Kong, the city seemed like the obvious location,” says Andrew Bradbury.
The USA auction houses do better in Hong Kong than in New York. So what do we do to compete? Nothing. And doing nothing also makes it hard for USA wineries to compete in China. The silly paperwork required for exports on the USA side is an opportunity killer. Why should the USA govt care in any way what is exported? Isn't the importer's concern and care enough of a check?
If we want to see USA wineries thrive, we have to match Hong Kong's deregulation and tax elimination on wine. And beer. And spirits.
Feel free to forward this by email to three of your friends.
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