Australia's Tobacco Tax Dilemma: Black Market Boom
Update: 2025-12-04
Description
Australias tobacco tax policy, aimed at reducing harm, has inadvertently fueled a black market boom, leading to significant financial losses. With legitimate sales plummeting, the government is now considering a parliamentary review of the tobacco excise. Economists and officials weigh in on the potential impacts of reducing the excise, highlighting the challenge of balancing public health and financial stability.
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