Tobacco excise has passed a ‘tipping point’ and is fuelling black market, economists warn

Taxes now account for $28 of the average $40 price for a packet, following a triple-fold excise hike in ten years from 46c to $1.40 per cigaretteGet 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 publi

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Tobacco excise has passed a ‘tipping point’ and is fuelling black market, economists warn

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