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Minnesota raises taxes on tobacco

DFL Gov. Mark Dayton and Democratic legislative leaders reached a budget agreement Sunday, which calls for $ 2 billion in new taxes and increasing spending on schools and property tax relief.
The Democrats are relying on a hike in tobacco taxes and the governor of the long-awaited increase in income taxes on high income to pay for new spending. The budget outline scraps proposed sales tax on clothing, but lawmakers continue to consider the revival of at least part of the tax plan criticized enterprise services. Read more

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Sin is the share of taxes in GDP drops

December 3rd, 2012 Posted in Tobacco news, Tobacco prices Tags:

The share of excise taxes on goods gross domestic product (GDP) was decreasing from 1998 to 2010, despite regular excise tax increases in tobacco and alcohol products, data from the National Statistics Office showed coordination.
In his latest column, Sexy Statistics entitled “What is so sinful about sin tax?” NSCB Secretary General Jose Ramon Albert showed that taxes on sin products constitute less than one percent of GDP in 2010, down by half from 2.13 percent in 1998. Read more

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Health advocates celebrate higher tobacco prices

October 26th, 2012 Posted in Tobacco prices Tags:

higher tobacco prices
Public health activists and officials say the higher cost of tobacco products as a result of the latest state tax increases is creating an effective deterrent for youth.

“That’s going to result in one-third fewer youths using these deadly products,” Vincent DeMarco, president of the Maryland Citizen’s Health Initiative and a lead lobbyist for the tax hike, said of the cost of the tobacco products. Ream more »

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Tobacco Tax Hike Passes With Some Objections

October 16th, 2012 Posted in Tobacco prices Tags:

tobacco prices rise
Most MPs backed a law legislating for four cumulative 10 percent annual rises in tobacco tax, though some had doubts about the way it was being done.

The Customs and Excise (Tobacco Products-Budget Measures) Amendment Bill (divided into seven bills), completed its third reading this afternoon.
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Health Ministry Seeks Tobacco Price Hike

October 11th, 2012 Posted in Tobacco prices Tags:

Tobacco Price Hike
Cigarette prices could jump 400 percent under proposals drawn up by the Health and Social Development Ministry in an effort to deter smokers.

The Health and Social Development Ministry has submitted proposals to the government to nearly triple excise taxes on cigarettes from the current 360 rubles ($12) to 1,040 rubles ($34) per thousand sticks next year, Forbes Russia reported Tuesday.
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Cigarette sales volume dips

September 21st, 2012 Posted in Tobacco prices Tags:

Cigarette sales volume
The cigarette sales volume of the Thailand Tobacco Monopoly (TTM) has declined significantly since the excise tax hike took effect last month as more smokers shift to rolling their own cigarettes.

The state-owned tobacco manufacturer expects sales will gradually improve and return to normal in the coming months. Ream more »

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Price of tobacco products

September 10th, 2012 Posted in Tobacco prices Tags:

tobacco products
Eugene Regan (Opinion Analysis, September 7th) writes that a decrease in the price of cigarettes would lead to a reduction in illicit tobacco trade without having a significant effect on the level of smoking in Ireland. This is not the case.
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Beating tobacco price hikes

September 3rd, 2012 Posted in Tobacco prices Tags:

Beating tobacco price
A Rangitata smoker is bucking tobacco excise tax and growing his own. David Limbe spent a staggering $2.60 on 300 seeds that he recently potted. He hopes to have a bumper harvest come March. The seeds will be separated around Labour Weekend and planted in a plot outdoors. Ream more »

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Peters speaks out against tobacco tax rise

July 20th, 2012 Posted in Tobacco prices Tags:

tobacco tax rise
New Zealand First leader Winston Peters has spoken out against plans for further tobacco tax increases.
Mr Peters, a known smoker, told a select committee hearing yesterday that higher prices for tobacco products would “thump the pockets” of low-income Maori, the New Zealand Herald reports. Ream more »

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