tobacco tagged posts
October 17, 2012 New Zealand Taxation
New tax hikes will mean that smokers will see the price rise of cigarettes to above NZD 20 per pack within 4 years time.
On October 16th parliament passed the Customs and Excise (Tobacco Products-Budget Measures) Amendment Bill, approving an annual 10 percent increases to excise duties on tobacco products for the years from 2013 to 2016.
Explaining the need to raise the excise duties, the Associated Health Minister Tariana Turia said that “…smoking continues to be by far New Zealand’s single leading cause of avoidable death and disease,” and “…these tobacco excise increases will save lives. They send a strong signal that smoking just isn’t worth it.”
The tax increases are scheduled to take effect on January 1st in each year between 2013 and 2016, and will bring the average price of a p...Read More
August 23, 2012 New Zealand Finance
“Plain packaging” rules for cigarettes would only serve to increase the number of smokers in New Zealand, according to British American Tobacco.
Speaking in a television interview on August 23rd the spokesperson for British American Tobacco Nick Booth said that the government’s proposal to introduce new rules regarding cigarette packaging could backfire and increase the number of smokers in New Zealand.The spokesperson claimed that New Zealand would see a greater number of cigarettes being sold on the black-market if the government introduces its proposed “plain packaging” regulations for tobacco products.
He added that if the rules were approved, the tobacco industry may be forced to lower its prices in order to attract customers who were put off smoking by the unmarked packages...Read More
August 2, 2012 New Zealand Taxation
Tax rises have not led to increased smuggling of tobacco, according to Customs’ statistics.
Earlier this week documents from the New Zealand Customs Service were made available, showing that increasing tobacco taxes have not led to a rise in the black market trade of cigarettes.
According to the Customs Service, no significant seizures of cigarettes have been made in New Zealand in the three years ending 2010, indicating that the rising tobacco taxes have not lead to illegal imports of cigarettes.
The Service claimed that the illicit trade of tobacco products in New Zealand largely revolves around individuals bringing small amounts of cigarettes into New Zealand when they arrive back into the country after traveling. Generally, the amounts brought in do not exceed two cartons...Read More
July 9, 2009 New Zealand Taxation
Associate Health Minister Tariana Turia and the Anti-tobacco group, ASH, are pushing for an tax increase on tobacco.
New Zealand could soon be following Australia’s lead and setting a higher level of taxation around tobacco and tobacco products, like cigarettes. The proposed law change could possibly see the price of a pack of cigarettes double. In a general area this would bring the price of a pack of cigarettes to over $20 per packet.
Legislation around the selling of cigarettes has not seen any recent year changes, except for the banning of smoking indoors. The last legislative change to raise tobacco taxes occurred over a decade ago. Recent Government statements have given hint that large raises in taxes are on the horizon...Read More