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Headlines Tagged with Tax 25,645 headlines found

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[Asia, India] Butt of budget, again

The government has hiked cigarette excise duty by an average of 13%. The increase is 12% in the regular slabs and 22% in micro cigarettes (<65 mm sticks). This is the fourth consecutive year of steep hikes in cigarette taxation, a first in the past 20 ye
Financial Express (in)
added Mar 9, 2015 11:26
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[Italy] Italian e-cigarette firms say new tax benefits tobacco

The tax, which was adopted in January, is set at half the rate of that on traditional cigarettes. The controversy centers on the fact that the lower rate is applied to both electronic cigarettes and to tobacco products such as Marlboro HeatSticks, which
Reuters
added Feb 27, 2015 11:56
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2014 KPMG Report: Illegal Tobacco at Record Levels in Australia

"The government also needs to consider how ever increasing regulation - whether on cigarette packaging or tax - creates additional incentives for tobacco smugglers. It's in their best interests - and those of taxpayers - with $1.2 billion in lost revenue
Philip Morris International (ch)
added Feb 17, 2015 16:19
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[New York] GRAPHIC: Smuggled smokes: Nannies v Al Capone

Eric Garner died after a New York cop put him in a chokehold. His crime was selling “loosies”, or untaxed cigarettes...There are sound public-health reasons for taxing tobacco but as the map shows, the higher the taxes, the bigger the black market.
The Economist
added Feb 16, 2015 05:24
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[New York] Holy smokes! NY leads nation in smuggled cigarettes

“Public policies often have unintended consequences that outweigh their benefits,” Tax Foundation economist Scott Drenkard said in a statement. “High tax rates on cigarettes have led to unreliable revenue and increased criminal activity." New York has s
New York Journal News
added Feb 10, 2015 08:04
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[Asia, India] More Tax Means More Contraband Cigarette Intake: ITC

The more you tax cigarettes, the more is consumption of contraband tobacco products, said ITC chairman Y C Deveshwar while expressing hopes of a "moderate budget" this year. It may be noted that ITC's revenue from cigarettes grew by marginal 0.62 per ce
PTI - Press Trust of India (in)
added Feb 2, 2015 18:48
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Congress Should Back President Obama’s Tobacco Tax Plan – It Will Protect Kids, Save Lives and Cut Health Care Costs

In his FY 2016 budget released today, President Obama urged Congress to increase the federal cigarette tax by 94 cents per pack and also increase taxes on other tobacco products. The tobacco tax changes would raise $95.1 billion in new revenue over 10 ye
Campaign for Tobacco-Free Kids (CTFK)
added Feb 2, 2015 17:50
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[Korea - South] E-cigarette sales rise after cigarette price hike

Electronic cigarettes have become more popular among smokers because of this month's increase in the price of cigarettes by 2,000 won ($1.83) per pack.
Korea Times (kr)
added Jan 13, 2015 15:11
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[Asia] WHO praises tobacco control policy decisions by Kyrgyzstan

has praised Kyrgyzstan’s two important decisions to substantially strengthen the country’s tobacco control policy as part of the implementation of the WHO Framework Convention for Tobacco Control (WHO FCTC).
The Times of Central Asia (kg)
added Jan 12, 2015 00:50
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[Pennsylvania] Mixed reviews after two months of city's cigarette tax

is on track to generate $5 million more this year than expected for Philadelphia's public schools, while also causing subtle and significant shifts across the region. Some city merchants hate the $2-a-pack hike, saying it is costing them customers. Publi
Philadelphia (PA) Inquirer
added Dec 7, 2014 17:40
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