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Higher Tobacco Tax Its Still A Nobrainer - Latest News

Higher tobacco tax? It's still a no-brainer

It should be a no-brainer to partially close the hole with a higher tobacco tax. Based on the anti-29 campaign, the cigarette makers shouldn't object. California's tax is 87 cents per pack, well below ... read more

Can higher ‘sin taxes’ help the economy?

It is still ... the tax would have on demand for un-taxed healthier beverages like bottled water”. Meanwhile, there is a growing call for increases in “sin taxes” – on alcohol, tobacco and sugary drin... 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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Is Altria Group a Buy?

Although they still ... %), as the tobacco company has made an art out of extracting maximum leverage from this declining business. When taxes on its products are increased, the inelasticity of demand ... read more

$1 cigarette tax increase would save lives

Kentucky raised its tax on ... shows that cigarette makers and retailers have their own strategies — through discounts and promotions — for blunting the effects on consumption of smaller tax increases ... 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

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

Spokeswoman says Parkinson will propose cigarette tax hike next year

“He is still looking at the options.” Martino said Parkinson has not decided whether to ask legislators to dedicate the new revenues to health programs, or use it to help the state balance its budget ... read more

Illinois Legislature passes big cigarette tax hike

Opponents of the $1-a-pack cigarette tax hike that the Illinois Legislature passed Tuesday say it's more than just Illinois cigarette sales that will go up in smoke. They noted Illinois' higher gas pr... read more

Where do SA’s taxes come from? A look at the growing individual burden

22 cents is attributable to fuel levy and 30 cents to the Road Accident Fund; • Alcohol and tobacco ... income tax which is viewed as progressive as the rich pay at a higher rate than the ... read more

India to pitch for higher taxes for smokeless tobacco products

NEW DELHI: India will push for higher taxes and stringent regulations for smokeless tobacco products in the upcoming international ... “We have taken a lead in regulating smokeless tobacco. However, i... read more

The 'other' tobacco tax

Tobacco industry lobbyists will likely decry any attempt to raise the tax as anti-business and an assault on struggling mom-and-pop tobacco shops. But the tobacco industry has already declared its ... ... read more

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