EDITORIAL: Taxing cigarettes is a tricky business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Hiking taxes on tobacco products risks making the illicit market bigger and more lucrative

With the exception of tobacco companies and their shareholders, it’s hard to find anyone who disputes that having fewer smokers would be a good thing.

ostensibly to fight the spread of coronavirus among smokers who share hand-rolled tobacco This was based on reasoning by co-operative governance & traditional affairs ministerDlamini-Zuma has said that the ban has been worth it because it had led to almost 1-million people giving up smoking. That was always going to be impossible to sustain in a free society such as ours, and the claims of success are also subject to debate.

Even when the SA Revenue Service was ranked among the best tax collection agencies in the world before being gutted during the state capture years, the illicit market was thriving, with three in 10 smokers already buying contraband cigarettes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EDITORIAL: Taxing cigarettes is a tricky businessHiking taxes on tobacco products risks making the illicit market bigger and more lucrative
Source: BDliveSA - 🏆 12. / 63 Read more »

EDITORIAL: Taxing cigarettes is a tricky businessHiking taxes on tobacco products risks making the illicit market bigger and more lucrative
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: Stock picks — US tech stocks and AfrimatDavid Shapiro from Sasfin Securities and independent analyst Chris Gilmour talk to Business Day TV
Source: BDliveSA - 🏆 12. / 63 Read more »

MIKE SILUMA: Clicks is a lesson for complacent companiesWill SA business follow peers elsewhere who have taken a stand against social injustice?
Source: SundayTimesZA - 🏆 47. / 51 Read more »