Categories · Agricultural
· Business (Tobacco)
· Tax
non-USA, by Country · Japan
Organizations · JTI
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Jump to full article: Trading Markets, 2008-07-02
Intro: Japan Tobacco Inc. and organizations representing tobacco farmers and stores on Tuesday jointly voiced opposition to a possible tobacco tax hike, arguing that higher tobacco prices would dampen consumption and not lead to increased tax revenue. . . .
"If the tax is hiked as it is proposed now, the impact on sales would be immeasurable," Yamada said. He added that given an expected slump in tobacco sales in the case of a sharp tax hike, the government would not be able to raise tobacco tax revenues as much as it anticipates.
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