-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA256 Madhu Menon said the following on 11/10/2007 12:13:
> So that 1465% "profit margin" in Cheeni's calculation... really isn't. > The profit margins on liqour are definitely more than on food but not as > much as you think. Comparative numbers for the UAE. The UAE has no _direct_ taxes on alcohol. Upmarket restaurants in Dubai pay a 10% luxury tax on food and beverages. Cops don't need to be bribed. Alcohol licences are available only to restaurants in 3-star (and above) hotels. However, overheads are high (imported labour, high real estate costs, and so on). A bottle of Casillero del Diablo that costs AED 30 in a shop, was AED 280 in an upmarket Italian restaurant two years ago - the last time I ordered a bottle of wine that I had recently bought outside. Should we should start an restaurant alcohol premium index on the lines on the Big Mac Index? Ram -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.6 (MingW32) iD8DBQFHDfb+RQoToz9njMgRCFobAKDxFJACspQuJPOsUaNYn6+b231zWwCbBeug jR+QKdj/OPwoB9aFaDW315U= =JL93 -----END PGP SIGNATURE-----
