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Headlines Tagged with Tax 26,185 headlines found

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[Asia-pacific, Philippines] Excise-tax reforms should not kill Ilocos tobacco production

Tobacco farmers in the province of Ilocos Norte were to persist in tobacco farming no matter the challenges of higher excise tax and the graphic health warning on cigarette packs, as demand continues to rise, according to Batac City Mayor Albert D. Chua
Business Mirror (ph)
added Jul 19, 2017 14:55
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[India] Tobacco Tax U-Turn Burns $7 Billion Hole in ITC's Market Cap

ITC Ltd., Asia’s second-largest cigarette maker by value, plunged the most in 25 years after India surprised investors by raising levies on tobacco products. The stock slumped 12 percent to 285.1 rupees at 3:12 p.m. in Mumbai, erasing $7.5 billion from
Bloomberg News
added Jul 18, 2017 22:52
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[Asia, India] ITC felled by govt’s capricious turn on GST

The press statement sends a different message. It says that a “lower tax incidence” may be welcome for other goods but is unacceptable in goods such as cigarettes. This is very strange. If companies did not pass lower taxes the anti-profiteering rules s
livemint.com (in)
added Jul 18, 2017 22:51
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Cigarette Makers Drag Indian Equities Lower on Surprise Tax Hike

Declines in India’s cigarette makers, led by ITC Ltd., sent the nation’s benchmark stock index to its steepest decline in seven months. The S&P BSE Sensex Index closed 1.1 percent lower, dropping from Monday’s record level. The benchmark has climbed to m
Bloomberg News
added Jul 18, 2017 14:10
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[UK] ASH Welcomes New Tobacco Control Plan for England: Funding needed for it to succeed

“Funding must be found if the Government is to achieve its vision of a “smokefree generation”. The tobacco industry should be made to pay a through a licence fee on the ‘polluter pays’ principle. Tobacco manufacturers are some of the most profitable comp
ASH London (uk)
added Jul 18, 2017 13:12
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[Michigan] Tribe Urges Judge To Rethink Order In Tobacco Tax Challenge ($$)

The Keweenaw Bay Indian Community is asking a Michigan federal judge to rethink his earlier ruling in favor of state tax authorities over claims involving tribal tobacco products, knocking his interpretation of a circuit court precedent.
Law360
added Jul 18, 2017 03:07
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[Oklahoma] Groups weigh in on cigarette 'fee' legal challenge

Cigarette companies and others have filed a legal challenge to the measure, Senate Bill 845, in the Oklahoma Supreme Court. ... The National Association of Manufacturers, the Texas-based McLane Company, the Oklahoma State Medical Association and the Campa
Tulsa (OK) World
added Jul 18, 2017 02:45
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[Asia-pacific, Philippines] Ilocos farmers won’t abandon tobacco despite Sin Tax -- mayor

Tobacco production is not expected to dwindle almost five years since the Sin Tax reforms became law, with the government intending to discourage smoking, a mayor from the Ilocos region, a key growing area, said. Some 52% of the total tobacco farmers in
Business World (ph)
added Jul 18, 2017 01:52
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[Asia] India raises tax on cigarettes

India has raised the total tax on cigarettes resulting in an increase of as much as 792 rupees ($12.31) for every 1,000 cigarettes, adding about 50 billion rupees ($777 million) in revenues for the government, finance minister Arun Jaitley said. The high
Reuters
added Jul 17, 2017 17:12
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[UK] The Lancet Global Health: Financing transformative health systems towards achievement of the health Sustainable Development Goals: a model for projected resource needs in 67 low-income and middle-income countries

even the poorest countries can reach some level of universality...Examples include effective policy interventions to curb the rise in non-communicable diseases...eg, fiscal policies, such as public health taxes on goods harmful to health, including tobacc
The Lancet (uk)
added Jul 17, 2017 17:05
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