NZ Will Review Smoking Taxes

March 16, 2018 Taxation in New Zealand

taxes on smokingWELLINGTON – Taxes on cigarettes may be leading to inequality and increased rates of crime in New Zealand.

The government of New Zealand has announced that it will review the impact that taxes on tobacco have had on the country, as there are some indications that the measures have not all proven to be good.

Tobacco taxes in New Zealand have consistently risen by 10 percent in January for a number of years.

The hikes are intended to be the main pillar of the government’s smoke-free 2025 policy.

More tax hikes are already scheduled to be enacted up until 2020.

The government will now review what impact the tax hikes have had on the country, and to what extent have the hikes encouraged smokers to quit.

The review will also look at what financial impact smoking has had on smokers and society.

Further, the government will look at whether the tax increases have led to increased levels of crime, as recent media reports have suggested that growing financial burden of the addiction is leading to a greater number of robberies and black market activity.