Tag - Excise tax

Federal tobacco tax hike will do more harm than good

The current spending package being spearheaded by congressional Democrats could be a truly transformational achievement, solving many of the systemic and near-term problems facing the American people. However, many of this bill’s benefits could be entirely counteracted if lawmakers include a provision called the Tobacco Tax Equity Act. This bill, first introduced last spring, has flown...

Malaysia: Higher tobacco taxes can benefit health, economy

According to the National Health and Morbidity Survey 2019, 21.3 per cent of adults aged 15 and above, or 4.88 million Malaysians, are smokers, with a higher percentage of male smokers. Malaysia has spent about RM15 billion (1.7 per cent of 2012's gross domestic product) on tobacco-related healthcare costs. Despite the evidence of significant potential...