Puff Up Cigarette Tax, Experts Urge
Anti-smoking advocates are urging China to overhaul its tobacco taxes to stem a recent increase in sales after years of declines.
China hasn’t raised its rates since 2015, when the wholesale cigarette tax was increased from 5 to 11%, causing sales to drop for two years in a row.
But purchases began to rebound last year, according to China’s State Tobacco Monopoly Bureau. That has prompted concerns that the effect of the 2015 increase might be wearing off as incomes rise in China.
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas