Taxes now account for $28 of the average $40 price for a packet, following a triple-fold excise hike in 10 years from 46c to $1.40 per cigaretteAustralia news live: latest politics updatesGet our breaking news email, free app or daily news podcastEconomists say regular increases to the tobacco excise have stopped working to further lower smoking rates, and are instead encouraging a soaring cigarette black market.Instead, they suggest either a freeze or a cut to the excise rate while Australia cracks down on illicit tobacco. However a public health advocate warned policymakers not to be “conned” into a radical tax cut. Continue reading...
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