-----BEGIN PGP SIGNED MESSAGE-----
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?
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.6 (MingW32)
-----END PGP SIGNATURE-----