Tag - Tax

Proposed Federal Tobacco Tax Could Result in 50% Increase in State Taxes & Retail Prices

Massachusetts could see moist snuff rise to more than $20 a can, according to the Tax Foundation. WASHNGTON, D.C. — While no tax hikes are set in stone, a proposal to increase the federal excise tax for tobacco products could have a dramatic impact at retail. The Tobacco Tax Equity Act of 2021 would close tax code...

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...

The Philippines: Court denies tobacco firm’s tax refund

The Court of Tax Appeals (CTA) denied for lack of merit the petition filed by British American Tobacco (BAT) seeking a tax refund of PHP305.82 million representing excise taxes prepaid for 2017. In a decision dated June 28, the tax court's Second Division said there should be strict compliance with the requisites under the law...

Jamaica: Proposals made for Tobacco Bill to limit public sector/business links

PROPOSED limitations on interaction between public bodies/personnel and tobacco products companies raised temperatures at yesterday's meeting of a joint select committee reviewing smoking regulations. The limitations included in Article 5.3 of the World Health Organization's (WHO) Framework Convention on Tobacco Control (FCTC) states: “In setting and implementing their public health policies with respect to tobacco...

Experts laud tobacco tax hike in Indonesia

Indonesia’s decision to increase its excise tax on tobacco products is a welcomed move, according to a public health group. But the Tobacco Control Support Center and the Association of Indonesian Public Health Experts (TCSC-IAKMI) said there was still room for more measures to discourage smoking in the country. The statement came on Friday, a day...

Government urged to impose health levy on tobacco products

Islamabad : Society for Protection of Rights of the Child (SPARC) held a press conference, at National Press Club here on Wednesday, to recall government about the health levy bill which was passed by the cabinet in 2019 and is yet not implemented. Health activists have been pleading FBR and Health Ministry over the imposition...