Tobacco excise has passed a ‘tipping point’ and is fuelling black market, economists warn
Taxes now account for $28 of the average $40 price for a packet, following a triple-fold excise hike in ten years from 46c to $1.40 per cigarette
Get our breaking news email, free app or daily news podcast
Economists say regular increases to the tobacco excise have stopped working to further lower smoking rates, and are instead encouraging a soaring cigarette black market.
Instead, they suggest either a freeze or a cut to the excise rate while Australia cracks down on illicit tobacco. However a public health advocate warned policy-makers not to be “conned” into a radical tax cut. Continue reading...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
