Categories · Business (Tobacco)
· Lawsuits
non-USA, by Country · Canada
Organizations · Imperial (ca)
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Jump to full article: Canada Newswire (CNW) (ca), 2008-03-13 Author: IMPERIAL TOBACCO CANADA
Intro: Imperial Tobacco Canada is disappointed
that a senior partner in the tobacco industry, the Government of New
Brunswick, has decided to move forward with legal action that is simply a cash
grab and not in the interest of New Brunswick taxpayers.
"Governments are senior partners in the tobacco industry. Governments in
Canada earn from tobacco 18 times the profits of the entire tobacco industry,
they heavily regulate the industry and have been fully aware of the risks
associated with tobacco products for decades," said Benjamin Kemball,
president and CEO of Imperial Tobacco Canada. "It is hypocritical that
governments, like New Brunswick, turn around and sue a legal industry that
they oversee and license while allowing an illegal tobacco industry to
flourish."
Governments across Canada collect approximately $8 billion in taxes from
the tobacco industry; the province of New Brunswick collects over $80 million
a year.
Imperial Tobacco Canada believes that this lawsuit will take years to be
resolved and will cost the New Brunswick taxpayers millions of dollars.
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