excise duties tagged posts

100 Million Pints of Beer Unsold Because of Taxes

October 24, 2012 Taxation in UK

AleLONDON – Taxpayers in the UK are putting down their glasses and buying less beer, as excessive hikes to excise duties deter consumers.

On October 23rd the British Beer & Pub Association (BBPA) released its quarterly Beer Barometer report, claiming that the government’s current policies on the taxation of beer are leading to significant decreases in the sales of the drink, and are also having a direct negative effect on the economy and the country’s hospitality industry.

According to the BBPA, the sale of beer in pubs in the country during the third quarter of the year fell by 4.8 percent compared to the same time in the previous year, and the sale of beers from licensed retailers fell by 6.5 percent compared to last year.

The fall in the sales is equivalent to 66 million fewer pints being...

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Tobacco Taxes are Not Effective

September 21, 2012 Taxation in USA

taxes on cigarettesNEW YORK – Tobacco taxes in the USA do not work, and poor taxpayers in the country devote nearly a quarter of their incomes to tobacco products.

On September 20th the research group RTI International published a new report on the burdens placed on taxpayers by excise duties for cigarettes and tobacco products, showing that the increases may not have the intended effect on individuals with low incomes.

The report, which was commissioned by the New York State Department of Health, compared smoking rates across the USA, but concentrated on smokers in New York state, which currently pay one of the highest rates of tobacco excise duties in the country.

According to RTI, when excise taxes in New York were raised recently from USD 1.50 per pack to USD 4...

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Cuba Slaps Excise Duty on Private Imports

September 5, 2012 Taxation in Cuba

Cuba import taxHAVANA – Cuba has imposed a new tax on goods brought into the country by individuals, but local businesses are saying that the change will only damage the economy and stifle small businesses.

From September 3rd 2012 all travelers coming into Cuba will face excise duties of CUP 10 per kilogram of commercial goods that they bring into the country.

The new tax will also apply to all foreign tourist visiting Cuba and also to Cuban nationals who have left the country more than once in a 12 months period.

Foreign tourists coming into Cuba are allowed to bring in 30 kilograms of items for resale without facing taxes, but will be required to pay the new excise duty on all goods above the weight limit.

Cuban nationals are granted a once-a-year pass to bring in goods and be charged a reduced rate of...

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India Delays Tax Changes

May 8, 2012 Taxation in India

Pranab Mukherjee announces tax delaysNEW DELHI – India will aim to boost the confidence of international entrepreneurs investing in India by delaying the implementation of new anti-avoidance rules and reducing withholding taxes and excise duties.

In a presentation given to Parliament on May 7th the Finance Minister of India Pranab Mukherjee announced a one year delay to the implementation of the General Anti-Avoidance Rule (GAAR), and the cancellation of a plan to increase excise duties, which was scheduled to be instated this year.

The Minister explained that the delay to the implementation of GAAR is intended to give Indian taxpayers and tax authorities more time to prepare for the new rules, and to sort out any outstanding issues and concerns regarding the new regulations...

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“Sin Tax” Collections Down in Philippines

May 6, 2012 Taxation in Philippines

Sin Taxes on Cigarettes and Alcohol in PhilippinesMANILA – Collections of the so-called “sin taxes” levied on “sinful” products, such as cigarettes and alcohol, dropped in 2011, leading to calls for a reform of the excise tax system.

Over the weekend the Department of Finance of the Philippines released new data showing that in 2011 collections of excise taxes on tobacco and alcohol products only reached PHP 25.4 billion, nearly 20 percent less than the collections seen in 2010.

Commenting on the decline in the revenues, the Finance undersecretary Jeremias Paul said that, “…this fall in revenues proves that our current excise tax scheme for tobacco is structurally flawed, and is in need of immediate changes.”

He also explained that current legislations mandate that the excise taxes charged on tobacco products and alcohol are increased ...

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