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02-08-2013, 03:36 PM
(This post was last modified: 02-08-2013, 03:37 PM by Stockerman.)
Tien Wah's printing volumes/revenues in Australia will continue to drop with the hiking of tobacco taxes in Australia - 12.5% per year over the next 4 yrs...
Plus the weakening of Aussie dollars - double whammies...
http://www.enca.com/money/australia-hikes-tobacco-tax
SYDNEY - Australia will hike tobacco taxes by 12.5 percent per year over the next four years to boost its coffers and build on its plain packaging campaign against smoking, the government said on Thursday.
The excise increase will reap some Aus$5.3 billion over the next four years as Canberra tries to plug an Aus$18 billion deficit forecast for this financial year and return the budget to surplus in 2016-17.
Plus the weakening of Aussie dollars - double whammies...
http://www.enca.com/money/australia-hikes-tobacco-tax
SYDNEY - Australia will hike tobacco taxes by 12.5 percent per year over the next four years to boost its coffers and build on its plain packaging campaign against smoking, the government said on Thursday.
The excise increase will reap some Aus$5.3 billion over the next four years as Canberra tries to plug an Aus$18 billion deficit forecast for this financial year and return the budget to surplus in 2016-17.