The UK government is considering implementing a new tax on vapes as part of its strategy to create a “smokefree generation” and reduce youth vaping rates. Recently published government documents indicate plans to explore a vape duty similar to those enacted in other countries. Read more
Tag Archive for: vaping tax
A sophisticated tax evasion scheme involving the misclassification of nicotine products has resulted in significant revenue losses for the South Korean government. Importers falsely declared natural nicotine as synthetic nicotine to exploit regulatory loopholes, according to recent customs data.
Read moreGovernments around the world impose excise taxes on products like alcohol and tobacco to reduce their demand. The South African government has recently implemented a tax on vaping products for the same reason. However, the new vaping tax has enraged vaping lobby groups and manufacturers who argue that e-cigarettes are less harmful than traditional cigarettes. They also claim that the tax will spawn an illicit industry, that people will go back to smoking traditional cigarettes, and that the tax will not dissuade the youth from starting vaping.In this article, we analyze the price increase claims and the effectiveness of the excise tax regime on vaping products. The Dr Yunus Carrim from Research Unit on the Economics of Excisable Products (REEP) conclude that the vaping tax is flawed because it is not well-targeted at reducing the consumption of vaping products among the youth.
Read moreIn a recent announcement, Governor John Bel Edwards revealed that he has signed HB 635 into law, which will result in an increase in the excise tax on nicotine vape products from 5 cents per milliliter to 15 cents. This change is set to take effect on July 1. The bill, sponsored by State Representative Paul Hollis (R-Covington), received overwhelming support with an 83-13 vote in the house and unanimous approval in the Senate.
Read moreElectronic cigarettes are set to face taxation in Switzerland following the approval of the Federal Council’s plan by the Council of States and the National Council. While the tax on e-cigarettes will not be as high as that on traditional cigarettes, it aims to generate revenue for the Federation. This article explores the details of the tax plan, its implications, and the different perspectives surrounding it.
Read moreIn an ambitious move to bolster economic standing, the Czech Government has proposed a significant increase in the excise tax on tobacco and vape products. This bold strategy, part of their consolidation package, aims to tax not just traditional tobacco more heavily, but also heated tobacco and electronic cigarettes.
Read moreAccording to local Vietnamese media on May 14, the Ministry of Finance in Vietnam has recently submitted a draft report to the Ministry of Justice. This report, for the Special Consumption Tax Law (SCT), includes a proposal for a consumption tax on e-cigarettes.
Read moreThe vaping industry in South Africa is about to face a significant change as a new sin tax for vaporized tobacco products will be introduced next month. This tax has raised concerns and sparked debates among various stakeholders, including the Vapour Products Association South Africa (VPASA) and the Research Unit on the Economics of Excisable Products (REEP). In this article, we’ll delve into the details of this new tax and the implications it could have on the industry and public health.
Read moreLouisiana lawmakers are considering a new tax on vape products and e-cigarettes to raise funds for State Trooper salary increases. The debate on vaping’s health risks and its popularity among youth highlights the importance of finding a balance between public health concerns and supporting law enforcement officers.
Read moreIn recent years, the topic of vape taxes has become a subject of debate and discussion in the United States. While some states have proposed and implemented taxes on vaping products, others have opposed such measures. This article delves into the latest developments regarding vape tax motions in the US, focusing on the failed vape tax bill in Alaska and the passing of Senate Bill 975 in Hawaii. Additionally, we explore scientific insights into the effects of vape taxes and their impact on public health, consumer behavior, and the economy.
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