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Liquor stocks: From sin tax to prohibition, only some can weather it all
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Liquor is one of the most taxed businesses in the country. A bottle of a particular brand which cost Rs 400 in one state may cost as much as Rs 1200 in another.
State governments don't want to lose their power to tax liquor business. It is something which many state governments publicly say they don't want to grow, but if one looks at their revenue collection numbers it is clear they cannot stay without it.
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