“Because it's cheaper, they're actually smoking more. So the excise is totally counter-productive.”
John Silvester · Law The Podcast · John Silvester: Sly of the Underworld
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9:07
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What was described
Argued that high tobacco excise taxes create a cheaper illicit market, leading to increased smoking
Said nearby on the same subject
“We decided to lower VAT tax on fuel. We lowered excise tax on fuel. But we did it responsibly by introducing windfall tax on oil companies that right now generate really huge margins”
“If you're going to modify the way we collect excise on fuel, then one good place to start might be to review some of these generous fuel tax credits.”