Category: Tax

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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Tax increase ‘effective’

Tax increase ‘effective’

| November 7, 2017

It seems premature to claim that a 2015 tax hike in South Korea was effective in reducing the incidence of smoking among low-income earners. Their numbers increased last year.

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Call for tobacco-duty freeze

Call for tobacco-duty freeze

| November 7, 2017

Seventy-six percent of people in the UK believe that tobacco taxes there are at about the right level or too high, indicating perhaps that the public recognizes that enough is enough.

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Indonesia to tax e-liquids

Indonesia to tax e-liquids

| November 6, 2017

A tax is being imposed on e-liquids sold in Indonesia partly on the grounds that the ‘main ingredient of vape liquid is tobacco’.

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BAT leaving Philippines

BAT leaving Philippines

| November 6, 2017

Given BAT’s small-scale operation in the Philippines, the highly consolidated nature of the market there and the lack of inorganic opportunities, the company is taking its leave.

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Illegal trade boosted

Illegal trade boosted

| October 26, 2017

The illegal trade in cigarettes, which in 2016 accounted for 12.1 percent of the Indonesian market, will be given a boost by tax hikes in the pipeline.

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Illegal trade undercut

Illegal trade undercut

| October 24, 2017

One way to beat the illegal trade in cigarettes is to offer smokers licit products that sell for the same price as illicit ones; as has been happening in Morocco.

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HNB tax rise endorsed

HNB tax rise endorsed

| October 23, 2017

The consumable elements of heat-not-burn products look likely to incur a significant tax increase in South Korea.

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Tobacco tax over-inflated

Tobacco tax over-inflated

| October 23, 2017

Campaigners are concerned that UK smokers are going to be hit with a second tax rise this year, and one that might be based on a flawed measure of inflation.

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Tax-stamp roll-out deferred

Tax-stamp roll-out deferred

| October 12, 2017

The tweaking of the security features on new tax stamps in the Philippines is delaying their deployment.

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Double vision on taxes

Double vision on taxes

| October 11, 2017

Doubling the tax on cigarettes would undoubtedly be a body blow to smokers in the Philippines, but it might also take the wind out of government revenues.

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E-cig imports double

E-cig imports double

| October 10, 2017

One of the effects of the South Korean government’s tobacco tax hike at the beginning of 2015 was to encourage the import of electronic cigarettes.

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Call for lower excise taxes

Call for lower excise taxes

| October 10, 2017

New Zealand needs to lower its tobacco-products excise taxes, if only to avoid having to carry out the hideous punishments being suggested for people who rob retailers.

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Mighty tax case closed

Mighty tax case closed

| October 9, 2017

Three tax evasion complaints against Mighty Corporation have been withdrawn following an agreement under which the Philippines’ government is to be paid about P40 billion.

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Latvia sucks in illicits

Latvia sucks in illicits

| October 4, 2017

According to one report, a quarter of Latvia’s cigarette market is accounted for by contraband cigarettes, most of which arrive from Belarus and Russia.

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Zambia attracts production

Zambia attracts production

| October 4, 2017

Zambia’s excise tax regime is said to favor domestic manufacturers over importers to an extent that is making British American Tobacco Zambia think about building a factory there.

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