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· Business (Tobacco)
· Tax
non-USA, by Country
· Malaysia
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· BAT
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Jump to full article: Malaysian National News Agency (BERNAMA) (my), 2008-08-30
Intro: However, a different view came from British American Tobacco (Malaysia) Bhd (BAT), which said Budget 2009s high excise of three sen per stick brings the total excise increase to 380 percent over the last five years.
In this situation, based on similar high increases in previous years, illegal operators stand to gain at the expense of the governments public health agenda and legal manufacturers, the company said.
"We are disappointed that there is such a high excise increase. Our position has always been that we are not opposed to any increase in taxation but we were hoping that the Government will seriously consider the impact that high tax will have on the illicit tobacco trade problem that we are currently facing," said BAT managing director Jack Bowles.
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