Tobacco sends $1 trillion up in smoke every year

NEW DELHI: Tobacco-control policies such as higher taxes and price increase can generate significant government revenues for health and development work, states a new report by the World Health Organisation (WHO) and the US’ National Cancer Institute. Such measures can also reduce tobacco use and burden of killer diseases like cancer and heart ailments. According to the report, the global annual excise revenues from cigarettes could increase by 47% if all countries raised excise tax by about $0.80 (approx. Rs 55, as on Wednesday) per pack. Additionally, the tax increase...
7 Published By - The Economic Times - 2017.01.11. 06:27
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