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Matthew R

"Sin" Products should be taxed more heavily - 0 views

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    Benjamin Diokno of Malaya Business Insight believes that taxes on cigarettes, liquor, gambling, and oil should be taxed much more heavily. He believes they should account for one third of all taxes. Price elasticity is about 0.6 for cigarettes and about 0.23 for liquor. I do not agree with Benjamin on this one. Firstly, because I do not believe that drinking or smoking is a sin. Some people have lots of pain and trouble in this world and maybe drinking is the only way for them to experience peace. And what if someone has just come off drugs, so instead uses cigarettes instead of Cocaine. Would you still think its a sin to smoke cigarettes? These should be taxed just as equally as other products. Im interested on your views. Comment and let me know !
JaJa C

More rules to deter smoking New price control on cigarettes introduced - 2 views

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    Government absolutely want to decrease number selling of cigarettes. For me who won't buy cigarettes i think it really good to have price control on cigarettes.
Jean Eric

Government to fight cigarette price control case - 1 views

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    This article talks about Ireland having the highest tobacco pricesses in Europe. The european commision is stating that the Irish government "is against EU law, distorts competition and keeps tobacco company profits high." The Irish government says that by keeping the prices high on tobacco its a good way to control smoking in the country and that its policy of high prices is with the World Wide Health Organisations regulation policy. what the European comission is trying to do acoording to this article is to encourage Ireland to take off the price controls. but they refused and are going to court against the EU regulations in Luxemburg.
Patrick vD

Elasticity of cigarettes - 1 views

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    This article explains the elasticity of cigarettes and its demand. It also tells how the government tries to tackle this demerit good by putting taxes on them and thus higher their prices.
JaJa C

Medical Device Tax - 0 views

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    I think they shouldn't increase the tax on the medical device. because if the medical device have higher price. It would be bad for all people, patient might have to pay more money(even though normally is still expensive), they might buy the low quality medical device to save some money to buy another medical device they have to use as well. If the government want to increase the tax they should increase on wine, beer,cigarette, algohols, and kind of that better than the nessessary things like medical device.
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