The confiscated cigarettes would have generated some HKD1.54 billion in tax revenue.Read More
Tags :Taxation
Ministers are looking to copy European countries that already have taxes.Read More
The tax received criticism from users and retailers who fear that it will lead to higher costs.Read More
Experts say Congress’ latest attempt to tax nicotine is confusing and harmful to public health. Read More
The move, estimated to bring in around $4.54 billion a year, comes as Russia faces a prolonged budget deficit amid weak oil prices and after Moscow offered Belarus a $1.5 billion loan.Read More
The price of a pack of cigarettes will rise by about $0.07 next year in Australia, according to a story in the Herald Sun. The increase will see the government face a potential re-election tussle with Read More
California lawmakers chose not to make smokers pay more for health insurance, but they may be more willing to make smokers pay more for cigarettes. A new bill proposing to raise the tax on tobacco Read More
In an unusual move that has attracted some criticism, India’s Uttar Pradesh state government has slashed the VAT on cigarettes and cigars from 50 percent to 25 percent. According to a report in the latest issue Read More
Expext a hike in the price of cigarettes if local authorities support moves to increase taxation on cigarettes in the Pacific Islands, where a high percentage of deaths are related to diseases caused by non-communicable Read More
Smokers in some Hungarian villages will not have local access to cigarettes after a new law allowing only state-licensed tobacconists to sell cigarettes comes into effect in May, according to an MTI-EcoNews story quoting the Read More