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The Agora => Greek News => Topic started by: Maik on Saturday, 12 November, 2016 @ 13:09:14

Title: Cigs consumption tax
Post by: Maik on Saturday, 12 November, 2016 @ 13:09:14

Quote

As for demands for the abolition, or at least delay, of the upcoming hike in the special consumption tax on cigarettes, set for January 1, the same source stressed categorically that the increase will be imposed.

http://www.ekathimerini.com/213647/article/ekathimerini/business/changes-to-road-tax-and-heating-oil-benefit-are-put-on-hold

Title: Re: Cigs consumption tax
Post by: Maik on Monday, 21 November, 2016 @ 17:46:15

Quote

The More Greece Raises Cigarette Taxes, The More Money it Loses

ATHENS – Repeated hikes in Greece’s cigarette tax – now 90 percent of the cost of a pack – has driven down tobacco tax revenues and driven people to an underground market.

One of the easy so-called “sin taxes,” cigarettes and tobacco represent easy targets for governments needing revenue except that the hikes are having the opposite effect, the newspaper Kathimerini said.

http://www.thenationalherald.com/142287/greece-raises-cigarette-taxes-money-loses/