Taxing the smoker
The GCC’s proposal to raise tobacco tariffs is being welcomed by health experts but will it be effective in curbing smoking and earning much-needed revenue? A sharp hike in tobacco tariffs could further fuel an already illicit cigarette market in the Middle East. Experts suggest that governments introduce excise taxes to raise revenue instead of doubling customs tariffs.
Taxes, if imposed, should be moderate and uniform across the Gulf and raised gradually to discourage smuggling, according to experts.
https://www.zawya.com/story/Would_proposed_GCC_tobacco_taxes_curb_smoking-ZAWYA20160110101129/
Related Posts
35 lakh tablets, 2 quintal tramadol powder seized
As many as 35 lakh tablets and two quintals of tramadol powder were seized by the...
DRI sleuths seize foreign cigarettes, gold; 9 held.
Foreign origin cigarettes and gold worth Rs 7.11 crore besides Red sanders and...
If it’s Being Made, It’s Being Faked
As an apparel or footwear company, do you struggle to create a brand protection...
Nissan drives $283m-worth of fake parts off the market
A four-year partnership between carmaker Nissan and MarkMonitor has resulted in...