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Higher Tobacco Tax? It's Still A No-brainer - Latest News

Why Nigeria needs a huge tobacco tax hike to curb smoking

Last year it increased tobacco excise tax rates. But the increase was small and still falls well below the ... The simulation also showed that once the higher tax burden is reached, government ... read more

Anti-smoking forces say cigarette tax hike is a no-brainer

Furthermore, advocates note, voters have supported higher cigarette taxes by huge margins for more ... Three more increases between July 2007 and July 2011 more than doubled the tax again, raising it ... read more

With Higher Cigarette Taxes, Concerns About Smuggling

"Almost every excise tax forecast that we have made ... results in more revenue to a state government." The Massachusetts Department of Revenue says it expects an extra $135 million over the next 10 m... read more

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Chart of the Day: Shutdown Hits Like a Hurricane

Researchers compared the prices of the top 50 oral drugs in Medicare Part D to the prices for the same drugs at the Department of Veterans Affairs, which negotiates its own prices and ... Department’s ... read more

DOF: Tobacco tax hike to boost Universal Health Care funding

MANILA, Philippines — The Department of Finance will “try its best” to convince Congress to pass higher tobacco tax rates in order to discourage ... program. “There’s still the Senate. We will try our ... read more

Health ministry wants higher taxes on tobacco firms

In the budget for 2017-18, the ministry had sought an increase in cigarette prices with higher taxes ... of cigarettes in the country. Taxes on tobacco are considered the most effective way of bringin... read more

British American Tobacco: Not Quite A No-Brainer Buy Yet

BTI depends on US menthol sales for about 25% of its profit. If the stock falls a bit further, the market looks to have fully priced in a drop in US menthol sales to zero. Over the past year, British ... read more

Proposition 56: Will Californians Triple Their Cigarette Tax?

proponents still hope to raise a significant amount of revenue by hiking tobacco tax rates. The revenue would be used primarily to supplement healthcare funding for low-income adults. Proposition 56 w... read more

Signature gathering underway for plan to hike Missouri's tobacco tax by 23 cents a pack

Under the initiative petition that the group began circulating this week, the estimated $100 million a year that the higher tax would raise would be designated for the state’s transportation needs. Wh... read more

Cigarette Taxes vs. Cigarette Smuggling

Perhaps not coincidentally, New York State also has the highest cigarette ... highest share of its cigarettes — 26.8 percent — smuggled out of the state. The state cut its tax rate in 2011 by 10 cents ... read more

Tracking the tax increases and decreases in Gov. Tom Wolf’s first term

Cigarettes: Starting Aug. 1, 2016, lawmakers increased the cigarette tax from $1.60 per pack of 20 cigarettes to $2.60 per pack in most of the state. In Philadelphia — which already had a higher cigar... read more

DOF to push higher tobacco ‘sin’ tax rate in ’18

“Sin tax is a very effective health measure. But tobacco prices in the Philippines are still low ... to implement the higher tax rates. The DOF was initially looking at including the sin tax rate adju... read more

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