Category: Financial

Taxing problems in Kenya

Taxing problems in Kenya

| February 19, 2018

What should a government – any government – do if its stated aim of using taxation to force smokers to quit comes into conflict with its less-well-advertised aim of increasing revenues?

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SM snus volumes up

SM snus volumes up

| February 15, 2018

In announcing Swedish Match’s results for 2017, CEO Lars Dahlgren took the opportunity to mention that his company had pioneered the vision of a world without cigarettes.

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Seeking new alliances

Seeking new alliances

| February 9, 2018

Alliance One International, which yesterday announced a rise in volume sales, is seeking to expand into new, added-value business lines that offer improved margins and good growth potential.

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Presentation to be webcast

Presentation to be webcast

| February 8, 2018

Altria’s CEO Marty Barrington is due to make a presentation at the Consumer Analyst Group of New York conference later this month.

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Universal looking forward

Universal looking forward

| February 7, 2018

Green-leaf purchases have begun in Brazil, and Universal Corporation believes already that its fiscal year 2019 volumes will rise, given a recovery in African volumes and overall market stability.

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JTI volumes down in 2017

JTI volumes down in 2017

| February 6, 2018

Japan Tobacco’s combustible-cigarette volume fell by 12.5 percent between 2016 and 2017, but the company outperformed the market so its share rose marginally.

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PMI to webcast results

PMI to webcast results

| February 5, 2018

Philip Morris International’s CEO André Calantzopoulos will discuss the company’s outlook for 2018 during a results webcast on February 8.

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Universal to webcast results

Universal to webcast results

| January 24, 2018

Candace C. Formacek, Universal Corporation’s vice president and treasurer, will host a third-quarter-results conference- call on February 6.

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Tobacco revenue increased

Tobacco revenue increased

| January 22, 2018

Tobacco excise is expected this year to contribute nearly 14 percent more to the Philippines’ government coffers than it did last year.

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Altria to webcast results

Altria to webcast results

| January 19, 2018

The Altria Group’s full-year results, which are due to be issued on February 1, will be the subject of a webcast discussion on the same day.

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Relaxed over tax changes

Relaxed over tax changes

| January 19, 2018

Changes to the US federal corporate tax rate are expected to result in a benefit of less than one percent to Imperial Brands’ adjusted effective tax rate during its current financial year.

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BAT expects tax reduction

BAT expects tax reduction

| January 9, 2018

The US Tax Cuts and Jobs Act is expected to reduce British American Tobacco’s effective tax rate percentage for the year to the end of December 2018.

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SEKAP’s future in question

SEKAP’s future in question

| December 28, 2017

The future of SEKAP, the Xanthi-based tobacco-products company that was established in 1975, is due to be discussed today at an extraordinary board meeting.

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JT’s domestic sales tumble

JT’s domestic sales tumble

| December 15, 2017

Japan Tobacco Inc.’s domestic cigarette sales volume and the value of those sales each fell by about 15 percent during November.

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New CFO for Swedish Match

New CFO for Swedish Match

| December 12, 2017

Swedish Match’s CEO Lars Dahlgren says the company is fortunate to have a strong replacement for its departing CFO.

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Dividends declared

Dividends declared

| December 8, 2017

The boards of directors of Altria and Philip Morris International this week each declared a regular quarterly dividend.

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Export award for BAT Korea

Export award for BAT Korea

| December 7, 2017

The Sacheon plant operated by British American Tobacco Korea has been presented with an award after doubling its exports within a year.

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Cigarette tax rise predicted

Cigarette tax rise predicted

| December 6, 2017

Taxes on both combustible cigarettes and heat-not-burn products are expected to be increased in Japan as part of the government’s fiscal 2018 ‘tax-reform’ package.

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Double or quit

Double or quit

| December 1, 2017

If you ask a sample of a population where smokers are in a minority whether smokers should pay more tax the answer is going to be yes because the non-smokers like being subsidized.

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Russia goes for DIY tobacco

Russia goes for DIY tobacco

| November 29, 2017

Some people in Russia are said to be smoking tobacco grown in their own gardens. Growing tobacco is relatively easy, but growing tobacco and processing it into a smokable product is more difficult.

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