Get ready for cigarettes at $40 a pack

Original article by Jacob Greber
The Australian Financial Review – Page: 6 : 24-Nov-15

The Australian Labor Party will raise the excise rate for cigarettes by 12.5 per cent for four years from mid-2017 if it wins the next federal election. The rise in excise of this magnitude would result in cigarettes costing more than $A40 a pack. Some experts stress the fact that smoking is more prevalent among lower-income households than wealthier households and, therefore, the proposed policy would make poor people even poorer.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, WORLD TRADE ORGANIZATION, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, CANCER COUNCIL OF AUSTRALIA

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