Category: Tax

Sales, revenue down

Sales, revenue down

| January 25, 2018

South Korea’s revenue from cigarette taxes was down by 9.2 percent last year, on volume cigarette sales down by less than that amount.

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Duty-free conference

Duty-free conference

| January 23, 2018

Dubai is to host this year’s Middle East and Africa Duty Free Association (MEADFA) Conference, which is due to be held next week.

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E-cig, HNB excise opposed

E-cig, HNB excise opposed

| January 22, 2018

The EU Commission has done the right thing in opposing for now the imposition of excise tax on electronic cigarettes and HNB devices, both of which seem to offer health benefits.

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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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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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Illicit cigarettes lead market

Illicit cigarettes lead market

| January 18, 2018

Malaysia says that it is losing tax revenue to the illegal trade, but you cannot lose something you never had. In truth, Malaysia is forfeiting revenue by pushing tax rates too high.

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Belarus upping production

Belarus upping production

| January 18, 2018

Belarus is apparently increasing its production of cigarettes and at least one EU member of parliament is not happy that some EU member states are the target markets for these products.

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Blunt instruments preferred

Blunt instruments preferred

| January 15, 2018

In its quest to get people to quit smoking, the New Zealand government seems to be reverting to its tax-increase stick after having flirted briefly with the idea of e-cigarette carrots.

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In principle yes; but…

In principle yes; but…

| January 12, 2018

Since when has it been reasonable for an ordinary EU citizen to have to resort to the courts to sort out the imprecise rules on carrying excisable goods between member states?

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Tracking defended

Tracking defended

| January 11, 2018

In part, the EU defends its tobacco-products tracking-and-tracing system by citing obligations to a World Health Organization protocol that has received very little support.

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Smoking creates poverty

Smoking creates poverty

| January 11, 2018

An official in Indonesia has called for less smoking and more meat eating to combat poverty and its effects. But many people believe that increasing meat-eating globally is not sustainable.

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KT&G increases HNB price

KT&G increases HNB price

| January 10, 2018

Government-imposed taxes and sundry levies are pushing the prices of heat-not-burn products higher in South Korea.

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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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Keep digging

Keep digging

| January 4, 2018

Often, if a policy, such as an anti-tobacco policy, is seen not to have worked, the reaction is to call for more of that policy rather than a change to that policy.

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Better times ahead

Better times ahead

| January 4, 2018

This year should be better than last year for Malaysia’s cigarette manufacturers and, therefore, for government revenues. Only the illegal trade is expected to lose.

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Smokers over-taxed

Smokers over-taxed

| December 29, 2017

An insightful opinion piece in a New Zealand newspaper that tells how disadvantaged smokers there are paying far too much tax could be applied to many other countries.

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Tax reduction on hold

Tax reduction on hold

| December 28, 2017

One way to reduce the illegal trade in tobacco products is to cut the taxes imposed on them, but it is a strategy open to challenge.

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HNB prices to rise in Korea

HNB prices to rise in Korea

| December 18, 2017

Recent levies imposed in South Korea on heat-not-burn products has caused Philip Morris to raise the retail price of HEETS.

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Thai e-cig ban challenged

Thai e-cig ban challenged

| December 15, 2017

If 15 countries ban electronic cigarettes while 160 don’t, and your country is one of the 15; it stands to reason that you might want your government to look again at the reasoning behind its policy.

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US equivocates on quitting

US equivocates on quitting

| December 14, 2017

The serious lack of funding provided by US states for prevention and cessation programs indicates that they are not serious about getting people to quit tobacco.

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