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
Gold smuggling thrives across Myanmar’s borders
The thriving illegal business in gold across Myanmar’s porous borders is likely...
Milo under the spotlight after fake products seized in Malaysia: 10 facts about Milo
Popular energy drink Milo - sold under the Nestle company - has been put under...
Police bust currency racket, seize fake notes of Rs 21 lakh
Police on Tuesday said they had busted a gang involved in printing counterfeit...
RAK confiscates 214,000 counterfeit clothes from 28 fashion brands
Ras Al Khaimah, UAE: Anti-counterfeiting operatives of the Department of...