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⚖️ Should Australia cut cigarette taxes to kill the black market — or double down on policing and enforcement? A policy dilemma unpacked on this week's Reuters Econ World podcast https://reut.rs/4tac4Qz
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We need to tax gas companies properly so the Australian people get a fair share of our resources. Beer, spirits, and tobacco tax all raise more revenue than the Petroleum Resources Rent
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In #Budget2023, changes to the Petroleum Resource Rent Tax (PRRT) will raise less revenue ($2.4b) than the increase in the tobacco tax ($3.3b). At a time of soaring gas prices, Australians continue
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Australia cigarette tax increase effects
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