Hazards of high taxes on tobacco
he wise minister of a Mauryan king had advised that since all undertakings depend on finance, the king should pay foremost attention to the treasury. The efficacy of this advice has not changed. Even today, governments make sincere efforts to collect the required tax revenue from people. Often, the need and anxiety to collect more revenue makes it difficult to maintain the right balance among different considerations which, at times, are mutually conflicting. Taxation of tobacco products is an example where this delicate balance gets disturbed. It is an accepted fact that tobacco products are injurious to health. But the economic factors are among the least important reasons for reduction of addiction to this harmful product.
Related Posts
New tobacco strike team units to fight illegal chop chop and cigarettes
Two new tobacco strike team units will be established and $7.7 million spent over...
Bengaluru: 10L smuggled foreign cigarettes worth Rs 2cr seized
BENGALURU: Customs officials have seized over 10 lakh cigarettes worth Rs 2 crore...
Rajasthan Police seize fake currency of more than Rs 1 crore, 6 arrested
Rajasthan Police in Bikaner seized fake currency whose value is more than Rs 1...
Pune : Faraskhana police seizes fake Apple products worth over Rs 4 Lakhs
PUNE: The Faraskhana police have taken strict action against fake sellers of...