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Vice tax to boost cigarette prices 

Jump to full article: Bucharest Daily News (ro), 2006-02-15
Author: Robert Comanoiu [Item Undated]

Intro:

The vice tax could boost the price of a cigarette pack by 37-38% while cigarette taxes could hike by 50-60% according to a study issued by Phillip Morris International. Huub Savelkouls, the company's director for Europe, said that the vice tax of 19 eurocents per pack will maintain the same parameters for all cigarette categories.

Savelkouls believes that introducing such a tax will increase by 60 percents the level of tobacco taxes.

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