You might be right, my gut tells me the the Revenue finding that suggested a fall in consumption was more likely with increased taxation is closer to the truth.IMO we’re now at the point where any increase in duty will simply result in a fall in revenue with no corresponding fall in consumption.
Yes, or more that they would be afraid of the complaints from vociferous ngo's and talking heads in the media if they didn't raise them. The corporation tax bonanza has allowed them make all these otherwise irrational decisionsother words, the increase is nothing more than virtue signalling.
Well, if it results in reduced revenue, with no corresponding fall in consumption, that’s obviously a negative.In the case of smoking, I see no harm in virtue signalling though.
There's more to life than money. Government policy is about a lot more than accounting. If it's just a revenue game why not legalise and regulate heroin, or allow cheaper untested medicines? In fact, why not scrap all the hospitals, after all, they're not making any money!Well, if it results in reduced revenue, with no corresponding fall in consumption, that’s obviously a negative.
There’s also an increased incentive for smuggling and all the negatives associated with organised crime, etc.
She's tried them. Turns into a werewolf on steroids. - add in menopause and you know you won't win.
Yeah, that saddened me a little. New populist government takes over and scraps a great idea for no reason other than to say they changed something.I thought New Zealand showed real leadership with their policy of progressively raising the smoking age. Though it didn't work out in the end.
Rates of smoking are ~70% higher in less affluent areas. Perhaps the thoughts are a €1 increase is proportionally more impactful for them...or they fear more of a backlash from bodies representing such areas/ people.Would a one off jump of say €5 not be a better approach to trying to get people to quit. A euro a year seems to be like boiling the frog.
If I was willing to pay €18 for a pack. Why not €19?
Shares in tobacco companies haven't performed that great over last 5 years , although bats seems to have had a bit of a recovery lately, they are not exactly rolling in it like big tech. They a bit like the Catholic Church every one loves to batter them even though their heyday is long in the pastShe could try putting her fag money in BATS shares. The chunky dividend might do the trick!