The National Council Against Smoking says the increase in excise tax on cigarettes announced by government yesterday is inadequate. "The increase of 80 cents per pack of 20 cigarettes announced in the budget may seem high to some, but it is inadequate. It will fail to meet the Treasury's twin goals of optimising revenue collection and of reducing tobacco consumption," said the council. The council explained that cigarette manufacturers and not the Treasury effectively decided the excise … [Read more...] about Cigarette Tax Not High Enough
sin tax
Budget Speech: Cough up Sinners
Finance Minister Pravin Gordhan has announced increases in excise duties on alcoholic beverages and tobacco products. The so-called "sin taxes" on alcohol will be increased by between 4.5 percent and 10.3 percent. A 340ml can of beer will cost 6.4 cents more, a bottle of wine will cost 13.5 cents more and R2.86 more will be levied on a bottle of spirits. Taxes on tobacco products will increase between 6 percent and 10.2 percent. A packet of 20 cigarettes will now cost 80 cents more. - … [Read more...] about Budget Speech: Cough up Sinners
