Category: Tax

Taxes on taxes on taxes…

Taxes on taxes on taxes…

| December 11, 2017

It must say something for their past or future profits if the suppliers of heat-not-burn refills don’t raise retail prices following a 72 percent increase in the taxes imposed on these products.

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Tobacco taxes healthy

Tobacco taxes healthy

| December 8, 2017

Without any hint of irony, a heading on a story in Indonesia said: Finance Minister looks at tobacco taxes to solve gaps in health funding.

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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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Sales falling in South Korea

Sales falling in South Korea

| December 5, 2017

A predicted drop in cigarette sales in South Korea this year is being put down to higher taxes, smoking restrictions and graphic health warnings.

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Vapers face jail

Vapers face jail

| December 4, 2017

Hong Kong’s Food and Health Secretary believes that vaping might be more harmful than smoking; so people there are free to smoke but risk jail if they vape with nicotine liquids.

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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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TTM workers protest

TTM workers protest

| November 27, 2017

Workers at the Thailand Tobacco Monopoly have protested outside the Finance Ministry over the imposition of a new excise-tax structure that they believe will cost some of them their jobs.

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Call for excise tax hike

Call for excise tax hike

| November 27, 2017

What is the difference between banning cigarettes and raising the excise tax on them so that their prices become unaffordable?

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Tax change hits local sales

Tax change hits local sales

| November 24, 2017

Thailand’s Finance Ministry could be seen to have scored an own goal by changing the country’s tobacco-tax structure in such a way as to undermine local sales.

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Minimum pricing mooted

Minimum pricing mooted

| November 24, 2017

After a long battle with the drinks industry, the way has been cleared for the Scottish government to introduce minimum alcohol prices. Is it now the turn of the tobacco industry?

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Young buy into illegal trade

Young buy into illegal trade

| November 24, 2017

Those setting cigarette tax rates in the UK must surely pause for thought when they learn that people aged 14 to 15 are being drawn towards the illegal tobacco trade.

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TFWA has new website

TFWA has new website

| November 24, 2017

The Tax-Free World Association’s redesigned website is said to provide improved integration with social media.

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UK taxing the poor

UK taxing the poor

| November 23, 2017

Once again, UK smokers, many of whom are financially poor, are being forced by the Chancellor to pay more than their fair share to the government’s coffers.

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Teenage smoking plummets

Teenage smoking plummets

| November 20, 2017

The availability of electronic cigarettes is one of the reasons given for a drop in smoking in New Zealand; a drop that has been most marked among teenagers.

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Tax revenue to help elderly

Tax revenue to help elderly

| November 17, 2017

Thailand is to earmark two percent of its revenue from alcohol and tobacco excise taxes to help its financially-impoverished senior citizens.

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Prices thrown into pot

Prices thrown into pot

| November 14, 2017

Questions are being raised in Canada about whether a similar pricing strategy to the one being suggested for legal marijuana should be applied to tobacco.

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E-cig tax hike coming

E-cig tax hike coming

| November 10, 2017

The government of South Korea is having to guard against bulk buying and hoarding after it was decided to hike the taxes on heat-not-burn sticks.

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Mighty rise in tax receipts

Mighty rise in tax receipts

| November 9, 2017

The Philippines’ Department of Finance says that it expects JTI Philippines to pay about P2 billion more a month in taxes than was paid by the company it took over, Mighty Corporation.

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England to quit by 2040

England to quit by 2040

| November 9, 2017

The end game is in sight. England could quit smoking by 2040 according to a new report prepared for Philip Morris Ltd; or it could quit by 2029 given certain interventions.

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