tobacco taxation tagged posts

Illegal Cigarettes in Europe Dwindle Tax Revenues

April 22, 2013 Taxation in EU

Taxes on CigarettesNEW YORK – Over the last three years the EU has lost out on more than EUR 30 billion in tax revenues, as more and more taxpayers choose to purchase cigarettes of the black market.

The consumption of counterfeit and contraband cigarettes in Europe continued to rise for the sixth year in a row, leading to billions in lost tax revenues, according to a report commissioned by the international cigarette manufacturer Philip Morris International.

According to information in the report, in 2012 nearly 65.5 billion illegal cigarettes were purchased in Europe, accounting for over 11.1 percent of all cigarettes consumed in Europe, compared to approximately 10.4 percent in 2011.

Cumulatively the EU lost an estimated EUR 12...

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Tobacco Taxes Saves Millions of Lives

November 22, 2012 International Tax Cooperation

taxes on CigarettesMANILA – Hiking tobacco taxes in Asia would save the lives of nearly 30 million people.

Last week the Asia Development Bank released a new report assessing the effects of cigarette taxes on tobacco consumption in China, India, the Philippines, Thailand and Vietnam, showing that increasing tax rates on tobacco products would discourage millions of people from smoking and would significantly raise tax collections.

According to the report, if taxes on tobacco products in the Asian countries were raised enough to hike the price of cigarettes by 50 percent, a cumulative USD 24 billion in extra tax revenues will be raised per year,  and an extra 67 million current smokers in the five countries will drop the habit, which would lead to a drop of 27 million in the number of tobacco related deaths...

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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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Thailand Hikes Sin Taxes

August 21, 2012 Taxation in Thailand

Alcohol and cigarettesBANGKOK – The prices of spirits and cigarettes have gone up in Thailand, as the government implemented an increase to excise duties on “sinful” products.

On August 21st the Cabinet approved a proposal from the Finance Ministry of Thailand to hike the excises taxes for tobacco products and alcohol, with the increases set to take effect on the same day.

The new hike will see the excise duties on clear spirits rise from TBH 120 per to TBH 150 per liter of pure alcohol.

The excise tax on blended spirits will rise from TBH 300 to TBH 350 per liter of pure alcohol.

The excise tax on whisky and brandy was raised from 48 percent of the retail value to 50 percent of retail value.

Excise taxes on cigarettes were increased from 85 percent of the retail value of the product to 87 percent of the valu...

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Taxes Could Kill Philippines Cigar Industry

July 16, 2012 Taxation in Philippines

Cortez Cigarillos Macros April 09, 20112MANILLA – The government of the Philippines is being warned that the newly proposed overhaul to “sin taxes” could result in the closure of some of the country’s cigar manufacturers.

Over the weekend one of the most prominent cigar manufacturers in the Philippines Tabaqueria de Filipinas sent a letter to the president of the Philippines Bengino Aquino urging the government to drop the proposed overhaul of “sin taxes” on tobacco products sold in the country.

According to Tabaqueria de Filipinas, the new tax could lead to a 12 000% increase to the price of cigars manufactured and sold in the Philippines.

The general manager of Tabaqueria de Filipinas Tirso Ripoll explained that the newly proposed overhaul will impose a blanket tax of PHP 150 on every cigar sold in the country, while...

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