Monopolies in the Philippines (1965–1986) granted PD 1468, which declared the money as private and prevented any government audit. Cojuangco bought San Miguel Corporation (SMC) with the funds from the Coco levy. SMC is one of the oldest and largest beer, food, packaging and livestock conglomerate in the Philippines. President Marcos gave favors to SMC once Cojuangco became its head. Taxes were raised for liquor and cigarettes in January 1986, but excise taxes on beer went down. Beer is one of the main products of SMC, which helped the corporation save as much as $40 million that year. When Marcos was President, he often wrote
Beer in Iceland trade dispute with Spain and Portugal; the two countries threatened to stop importing Iceland's salt cod if they did not allow for the importing of Spanish and Portuguese wines. Public support for the complete ban eventually began to fade and, in a 1933 referendum, 57.7% of voters approved lifting the ban. Despite the referendum lifting prohibition, beer was still prohibited from containing more than 2.25% alcohol by volume (well below the 4–5% of an average beer). Some full-strength beer was smuggled into the country or produced by homebrewers. Icelanders also worked around the restriction by adding strong alcohol such as