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Hangover looms for wine industry as axe hangs over tax rebate
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There are concerns for the future of hundreds of small wine businesses across Australia if the Federal Government moves to scrap a generous rebate paid to producers. The rebate was introduced to support regional wine operators allowing businesses to claim a refund on the amount of tax they pay, potentially up to $500,000 per year. Last month a Senate inquiry into the Australian grape and wine industry recommended phasing it out over five years and re-directing the money for schemes like an annual grant to cellar door operators.