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Sri Lanka gets more tobacco taxes for less harm  

Sri Lanka's government has got more tax revenue while reducing deadly tobacco sales under a new policy to trim the harm from tobacco on the population, results of the island's top producer showed.

Ceylon Tobacco Company a British American Tobacco company, which is minority-owned by Phillip Morris had also increased its own revenues and profits even as volumes fell.

Gross revenue for the year rose to 46.5 billion from 42.8 billion rupees while net revenue, minus government levies, increased to 8.7 billion rupees from 7.3 billion rupees in 2006, its latest financial release showed.

CTC said total revenue to the state, including a provincial council tax that was raised from one to give percent, gave the government 40 billion rupees, which was 4.6 billion higher than the previous year.

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