Its cigarette business isnt exactly harbouring untapped potential
Higher tobacco taxes increase revenue and save lives: a review of the WHO Report on the Global Tobacco Epidemic, 2015 14 February 2016 By Robert Ireland, Head of WCO Research and Communications Taxing tobacco products has historically been a simple way for governments, through their Customs and tax agencies, to collect revenue
Still a long way to go he says
Incorrectly believing that nicotine causes cancer could discourage smokers from switching to safer nicotine-containing alternatives, and could lead nonsmokers to experiment with low nicotine tobacco products, believing that cancer risk would be reduced
Bond Overview Purpose: To guarantee tobacco wholesalers pay all taxes and incurred penalties Who Needs It: All wholesale tobacco dealers operating in Louisiana Regulating Body: The Louisiana Department of Revenue (LDR) Required Amount: $2,500$100,000, based on volume of tax liability Premium Rates: Credit-based, starting at $100 Keep scrolling to learn more about the bonding process
