White House blocks tax break for alcohol companies, WSJ says

The White House finalized a regulation limiting the ability of U.S. wineries and global alcohol companies to cut import taxes, the Wall Street Journal reports. In the government’s mind, the new rules stop wine and liquor companies from double-dipping on tax breaks, with the government arguing that the companies are getting or seeking a tax advantage for imports over domestic production, the report notes. Publicly traded alcohol companies include Diageo (DEO), Constellation Brands (STZ) and Brown-Forman (BFA).
https://thefly.com/landingPageNews.php?id=2838149