Economic advisers to Scotland government have urged to levy tax on each of the whiskey bottle produced to benefit the country's economy.
According to an analysis by Midlothian-based consultancy Biggar Economics economist Graeme Blackett, the whiskey industry accounts for £5.04bn, out of which around £1.5bn is spent on supplies and around £500m on wages for employees leaving a profit of £3bn.
Scotland's previous government adviser professor John Kay was quoted by Express & Star as saying on BBC One Scotland program Scotched Earth that when compared to markets like South America and Africa, the benefits going to Scotland from whiskey exports are disappointing.
Kay added that a £1 per bottle tax could help the industry by at least £1bn and it will not affect the demand for the spirits in the market if the burden is absorbed by distillers than passing it to drinkers.
Blackett analysis also revealed that previous tax increases has led to a fall of 0.43% for every 1% increase in price.
