#Tobacco Market Revenue

[neha24blog]

Tobacco Market In-Depth Research On Basis By  Product, Distribution Channel, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 11 May 2023: The Report Tobacco Market Size, Share & Trends Analysis Report By Product (Smokeless, Cigarettes, Cigars & Cigarillos, Next-Generation Products, Waterpipes), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2022 – 2030 The global tobacco market size is expected to reach USD 1,049.9 billion by 2030, according to a new report by Grand View…

[amr-jayprakash]

Tobacco products are manufactured from the processed leaves obtained from a plant known as ‘nicotiana’. There are various types of tobacco products available in the market like cigarette, cigar, snuff, and more. These products are widely available in convenience stores, retail shops, and more. Tobacco consumption is hazardous for health as it leads to cancer and various other organ damages like lungs and liver. Therefore, governments across the world have started imposing restrictions on its sale.

[reasonsforhope]

"Starting in July 2024, California will be the first state to charge an excise tax on guns and ammunition. The new tax – an 11% levy on each sale – will come on top of federal excise taxes of 10% or 11% for firearms and California’s [7.5]% sales tax (x).

The National Rifle Association has characterized California’s Gun Violence Prevention and School Safety Act as an affront to the Constitution. But the reaction from the gun lobby and firearms manufactures may hint at something else: the impact that the measure, which is aimed at reducing gun violence, may have on sales.

As a professor who studies the economics of violence and illicit trades at the University of San Diego’s Kroc School of Peace Studies, I think this law could have important ramifications.

One way to think about it is to compare state tax policies on firearms with those on alcohol and tobacco products. It’s not for nothing that these all appear in the name of the Bureau of Alcohol, Tobacco, Firearms and Explosives, also known as ATF...

The ATF focuses on those products because, while legal, they can cause significant harm to society – in the form of drunken driving, for example, or cancer-causing addictions. They also have a common history: All have been associated with criminal organizations seeking to profit from illicit markets.

Alcohol and tobacco products are thus usually subject to state excise taxes. This policy is known as a “Pigouvian tax,” named after 20th-century British economist Arthur Pigou. By making a given product more expensive, such a tax leads people to buy less of it, reducing the harm to society while generating tax revenue that the state can theoretically use to offset those harms that still accrue.

California, for instance, imposes a US$2.87 excise tax on each pack of cigarettes. That tax is higher than the national average but much lower than New York’s $5.35 levy. California also imposed a vaping excise tax of 12.5% in 2021.

Of the three ATF product families, firearms have enjoyed an exemption from California excise taxes. Until now...

How Much Will the Policy Help?

It’s unclear how the new tax will affect gun violence. In theory, the tax should be highly effective. In 2023, some colleagues and I modeled the U.S. market for firearms and determined that for every 1% increase in price, demand decreases by 2.6%. This means that the market should be very sensitive to tax increases.

Using these estimates, another colleague recently estimated that the California excise tax would reduce gun sales by 30% to 44%. If applied across the country, the tax could generate an additional $1.5 billion to $1.9 billion in government revenue.

One possible problem will come from surrounding states: It’s already easy to illegally transport guns bought in Nevada, where laws are more lax, to the Golden State.

But there’s some evidence that suggests California’s stringent policies won’t be neutralized by its neighbors.

When the federal assault weapons ban expired in 2004, making it much easier to buy AR- and AK-style rifles across much of the U.S., gun murders across the border in Mexico skyrocketed. Two studies show the exception was the Mexican state of Baja California, right across the border with California, which had kept its state-level assault weapons ban in place.

Gun seizures in Mexico show that all four U.S. states bordering Mexico rank in the top five state sources of U.S.-sold guns in Mexico. But California contributes 75% less than its population and proximity would suggest.

So, California laws seem to already be making a difference in reducing gun violence. I believe the excise tax could accomplish still more. Other states struggling against the rising tide of guns will be watching closely."

-via The Conversation, May 21, 2024

[st-just]

Listening to a podcast interview with a guy who used to be a senior lawyer for a tobacco company and he's basically saying 'oh yeah the business is great. All the regulations have basically forced everyone into mutual disarmament of their marketing budgets and whenever the sin taxes go up they just tack on an extra 10% or so for themselves too. Plus new competitors joining the market is basically impossible. More profitable than it's ever been.'

Which like, makes sense, but huh.

(his other big point is that cigarette sin-taxes are, like, a load-bearing revenue source for many governments, which leads to what some might call misaligned incentives when people realize it).

[wisteriagoesvroom]

this isn’t even hate— but when you add in the context that trump is in the middle of campaigning for an upcoming presidential election and he’s wearing a campaign slogan with pictures with the f1 winner, its a little different than an oil sponsor. Not to mention a fundraiser would actually create discomfort at the actual race event for fans, etc

Obviously I know there’s so much wrong with these sponsors/sport but Trump is a political symbol for so much hate for many Americans (the literal audience for this race) and completely unassociated with providing financial support to f1. “Virtue signaling” is interesting way to respond to criticisms of him being here

unfortunately, believe me, i know the context - i wish the rest of the world didn't know the american political context tbh but we're all beholden to the moves of the US, much as i wish we weren't.

he’s wearing a campaign slogan with pictures with the f1 winner, its a little different than an oil sponsor

is it? is it not just about how confronting that imagery is? degrees of complicity we're prepared to accept as audience members? rather than the base issue i was talking about, which is that ultimately f1 is a dirty sport and the faster we (or in this case rather, specifically me) can accept that and stop pretending it is, the better time i'm gonna have?

i think that's what made kate wagner's article an uncomfortable read for a lot of fans tbh. i'm sidetracking here but the point i'm thinking about a lot is that interpersonal relationships and triumphant moments happen in f1 despite this great machine, and not because of it. that's the joy i'm chasing/reclaiming as a fan i guess.

my initial disappointment that orangeman was there was quickly followed by a "well why am i even surprised...". this is overall more a critique and self-reflection of damn, why do we – myself included – get swept up in the marketing.

i also question why discomfort comes up more in the context of trump's cap and political slogan and not ar*mco's greenwashing or as a political vehicle of soft power (extract below from their public listing/IPO):

or the fact that we still have tobacco sponsors under a cuter guise. again, i'm not saying it's a zero sum game of "who's worst", but rather if we are frank this sport causes huge degrees of cognitive dissonance if we look too closely, and the powers that be absolutely know what they're doing to try and gloss over that.

and, tbh, i am out here in the hypercapitalist landscape 3 hours late to log in to do my job. but! i just think it's funny that the FIA chose to draw the line here so as not to alienate its US audience (i.e. revenue base, which they are actively trying to court).

FIA doing what it did re:trump box fundraising is virtual signalling in my opinion.

that's my opinion, as a random person on the internet trying to process their feelings about the sport. discomfort is an interesting word you use because it caused me discomfort too and it's interesting to examine why that is, and the answer will be individual to everyone.

and! don't get me wrong! it's not going to stop me from writing rancid fanfic (i may in fact be encouraged to be worse).

but my post was more about where the FIA publicly decides to draw a line. and it's interesting that it was only a line when it threatened their american audience acquisition plan.

[beardedmrbean]

New Zealand's new government says it plans to scrap the nation's world-leading smoking ban to fund tax cuts.

The legislation, introduced under the previous Jacinda Ardern-led government, would have banned cigarette sales next year to anyone born after 2008.

Smoking is the leading cause of preventable deaths in New Zealand, and the policy had aimed to stop young generations from picking up the habit.

Health experts have strongly criticised the sudden reversal.

"We are appalled and disgusted... this is an incredibly retrograde step on world-leading, absolutely excellent health measures," said Prof Richard Edwards, a tobacco control researcher and public health expert at the University of Otago.

"Most health groups in New Zealand are appalled by what the government's done and are calling on them to backtrack," he told the BBC.

The legislation passed last year had been acclaimed internationally with research models backing the key reforms.

Measures included restricting the number of tobacco retailers, and reducing the level of nicotine in cigarettes.

Modelling had suggested the Smokefree laws could save up to 5,000 lives each year.

New Zealand's laws were believed to have inspired the UK government in September to announce a similar smoking ban for young people. A spokeswoman said Prime Minister Rishi Sunak's position remained unchanged after New Zealand's reversal.

While it has been praised as a public health policy, the Smokefree measures drew opposition from some business groups in New Zealand. Owners of newsagents and corner shops criticised the loss of revenue - even with government subsidies.

Some lawmakers - including the new Prime Minister Chris Luxon - also argued a ban would lead to a black market for tobacco.

However his National party, which won 38% of the vote in the 14 October election, hadn't mentioned the Smokefree laws during election campaigning. The announcement by the new finance minister Nicola Willis on Saturday that the government would repeal the laws shocked health experts who believed the policy would be untouched.

But Ms Willis said National's partners in the governing coalition- the populist New Zealand First and libertarian Act - had been "insistent" on reversing the laws.

Despite election victory, the centre-right National party has struggled for weeks in policy negotiations to form a government with the two minor parties.

A deal was only agreed to on Friday, six weeks after the election, allowing the new government to be sworn in on Monday. New Zealand First - which won 6% of the vote - had been the only party to campaign on repealing the smoking laws.

Both minor parties blocked a flagship National policy to open up foreign property ownership - which the party had been relying on to fund tax cuts for middle and higher-income earners. Ms Willis said on Saturday that had led to the party looking elsewhere.

"We have to remember that the changes to the Smokefree legislation had a significant impact on the government books, with about a billion dollars there," she told New Zealand broadcaster TV3's Newshub Nation.

The laws still need to be actively repealed through parliament, where the government has a majority.

"The suggestion that tax cuts would be paid by people who continue to smoke is absolutely shocking," Emeritus Prof Robert Beaglehole, chair of New Zealand's Action for Smokefree 2025 committee told Pacific Media Network.

A national Māori health organisation, Hāpai Te Hauora, called it an "unconscionable blow to the health and wellbeing of all New Zealanders".

Smoking rates, and associated disease and health issues, are highest among New Zealand's indigenous Māori population, for whom experts had said the policy would have the most positive impact.

"The government is flying in the face of public opinion and obviously in the face of the vast majority of people who work in this field, health professionals, doctors, nurses," said Prof Edwards.

Public health modelling conducted in 2022 had shown the Smokefree policy would have saved New Zealand's health system about NZ$1.3bn (£630m; $790m) over the next 20 years.

New Zealand still aims to reduce its national smoking rate to 5% by 2025, with the aim of eventually eliminating it altogether.

More than 80,000 adults have quit in the past year, its national data shows. Currently, about 8% of its adult population smokes.

[she-is-ovarit]

Unless I'm vastly overlooking or misunderstanding something—and happy to be corrected if I am—this is actually a good bill and I'm wondering if OP is being paid by corporate interest groups.

Those opposing it under "free speech" seem to be conservative corporate interest groups.

The bill seems to be designed to hold corporations and social media platforms accountable for child safety. Stuff like autoplay would be restricted (which is annoying anyways) due to its influence on online addiction. Social media platform settings would just be set automatically to the safest settings for kids. The bill also is opposing sexual exploitation and its promotion to kids. It sounds like what I can only assume are porn companies are attempting to argue "but what about if this part is used to hurt gay people". Information on sexual orientation and reproductive rights isn't sexual exploitation under law.

Most importantly of all, it seeks to provide near complete data privacy and protection for minors. This is a data privacy law. We want this.

Here's the bill:

Covered platforms must take reasonable measures in the design and operation of products or services used by minors to prevent and mitigate certain harms that may arise from that use (e.g., sexual exploitation and online bullying).

Additionally, covered platforms must provide (1) minors with certain safeguards, such as settings that restrict access to minors' personal data; and (2) parents or guardians with tools to supervise minors' use of a platform, such as control of privacy and account settings.

Covered platforms must also:

disclose specified information, including details regarding the use of personalized recommendation systems and individual-specific advertising to minors;

allow parents, guardians, minors, and schools to report certain harms;

refrain from facilitating advertising of age-restricted products or services (e.g., tobacco and gambling) to minors; and

annually report on foreseeable risks of harm to minors from using the platform.

Additionally, the bill requires large (based on specified revenue, employment, or user criteria) websites, internet applications, and search engines (including social network sites) to meet certain requirements before using algorithms that prioritize information furnished to the user based on user-specific data. For example, such platforms must (1) provide users with notice that the website uses such algorithms, and (2) make available a version of the platform that uses algorithms that do not prioritize information based on user data.

The bill provides for enforcement through the Federal Trade Commission and states.

Further, the bill requires the commission to seek to contract with the National Academy of Sciences to study the risks of harm to minors by the use of social media and other online platforms.

The bill establishes a council to advise on implementing the bill. It also requires guidance for market and product research focused on minors and an evaluation of options to verify a user's age.

the kids online safety act passed the u.s. senate.

long story short (for anyone who hadn't heard of this before) the kids online safety act, aka kosa, is a bill that will censor online content and resources for lgbtq+ matters, reproductive healthcare, activism (INCLUDING PALESTINE AND LIKELY OTHER CRISES GOING ON LIKE IN CONGO OR SUDAN), mental health, etc. everywhere--its effects likely won't be contained to just america.

today, july 30th, 2024, the senate passed it 91-3. it has officially moved to the house of representatives.

is this a pretty massive setback? yes. do you have every right to be scared, sad, angry, or whatever else about this happening? absolutely. but should you give up hope completely? NO!

even though kosa passed the senate, the house is on break/august recess at the moment. we have around an entire month to get emails, calls, and faxes in to house reps, maybe more depending on when they decide to vote on it.

should it pass the house and get signed into law, we still have a whole 18 months before it actually goes into effect. this is plenty of time for digital rights orgs (e.g. fight for the future, the electronic frontier foundation) and other groups that oppose it to file a lawsuit against it. even if, worst-case scenario, it flies through the house immediately after the recess ends, we can still fight this up to march 2026.

so, yes, remember what's at stake here, but also remember that it's not over yet. we lost a battle, not the war.

below are some resources to learn more about kosa and how to contact your reps (first link) + a page that lets you directly contact progressive house reps, sign an open letter opposing the bill, and view others' testimonies against it (second link):

FIGHT. FIGHT. FIGHT.

[bongtastics]

New York’s Cannabis Revolution: What You Need to Know 🌿✨

New York has officially gone green, and it’s more than just the foliage in Central Park. Since legalizing recreational cannabis in March 2021, the Empire State has become a hub of opportunity for users and entrepreneurs alike. Whether you’re exploring personal use, seeking medical relief, or dreaming of starting your own cannabis venture, understanding New York’s cannabis laws is essential to navigating this exciting new chapter. Want all the details? Check out the original blog post on cannabis in New York by Bongtastic Supplies here.

🌟 The Basics of Legalization

Here’s what you need to know: If you’re 21 or older, you can legally possess up to 3 ounces of cannabis or 24 grams of concentrates. Public consumption is allowed anywhere tobacco smoking is permitted, making New York one of the most progressive states for cannabis users. Prefer to grow your own? You can cultivate up to six plants per person (or 12 per household for multi-adult homes).

🩺 Medical Cannabis Still Matters

Before the buzz around recreational use, New York’s medical marijuana program laid the groundwork. It still serves patients with conditions like chronic pain or epilepsy and comes with some sweet perks: Tax exemptions on medical purchases. Access to affordable, medical-grade products. New York’s dual approach ensures that both recreational and medical users have access to what they need.

🛍️ Dispensaries & Equity

Retail dispensaries are opening across New York, but the rollout is deliberate and thoughtful. The Office of Cannabis Management (OCM) prioritizes social equity, giving opportunities to communities historically impacted by cannabis prohibition. Consumption lounges are in the works, creating safe, social spaces for cannabis use.

🌿 Explore Your Options

Not into smoking? New York’s cannabis market has you covered: Edibles, tinctures, oils, and topicals offer alternatives for every preference. Consumption lounges will cater to those without private spaces or those who love a communal vibe.

⚖️ Rules Still Apply

Cannabis freedom comes with responsibility. Keep these rules in mind: Employers can’t penalize legal cannabis use outside work, but they can restrict use on the job. Driving under the influence is strictly prohibited and comes with penalties akin to DUI offenses. Local regulations vary, so check your area’s laws for dispensary and lounge permissions.

💰 Tax That Hits Right

New York’s cannabis tax structure is unique: it’s based on THC potency, not weight. High-potency products like concentrates face higher taxes than flower or edibles. The revenue funds education, drug treatment programs, and community initiatives, ensuring legalization benefits all New Yorkers.

🚀 New York: A Cannabis Frontier

From cultivation to consumption lounges, New York’s cannabis industry is shaping up to be inclusive, innovative, and exciting. Whether you’re a casual user or a budding entrepreneur, staying informed is your best tool for navigating this dynamic market.

For the full details, check out the original blog post here. Curious about cannabis laws in other states? Explore cannabis legality across the U.S. here.

TL;DR: New York’s cannabis laws are redefining what it means to go green. Stay informed, follow the rules, and embrace the possibilities responsibly. 🌱 What are your thoughts on New York’s cannabis transformation? Let’s discuss in the notes! ⬇️

[tinacarrsblog]

10 Facts About the Impact of the Tax

Taxes are a fundamental part of modern economies, providing governments with the resources to fund public services, infrastructure, and welfare programs. However, taxes also have far-reaching effects on individuals, businesses, and economies. Here are 10 key facts about the impact of taxes:

Revenue for Public Services Taxes fund essential services like education, healthcare, and public safety. Without tax revenue, governments would struggle to provide these foundational services.

Economic Redistribution Progressive tax systems aim to reduce income inequality by taxing higher earners more and redistributing resources to support lower-income groups.

Incentives for Behavior Tax policies can encourage or discourage certain behaviors. For example, higher taxes on tobacco and alcohol aim to reduce consumption, while tax credits promote eco-friendly practices like using renewable energy.

Impact on Business Growth Corporate taxes affect businesses’ ability to invest and expand. Lower tax rates may encourage growth, but insufficient revenue can limit public investments that benefit businesses.

Consumer Spending Sales taxes and VAT increase the cost of goods and services, which can reduce consumer spending, especially for low-income households.

Foreign Investment Countries with favorable tax policies attract foreign direct investment (FDI), boosting their economies and creating jobs.

Innovation and Research Tax incentives for research and development encourage innovation, helping economies stay competitive in global markets.

Compliance Costs Complex tax systems increase administrative costs for businesses and individuals, consuming time and resources.

Tax Evasion and Avoidance High tax rates can lead to evasion, reducing government revenue and increasing the tax burden on compliant taxpayers.

Economic Stability Well-designed tax systems stabilize economies by funding countercyclical policies during downturns, such as unemployment benefits and stimulus programs.

Taxes are a double-edged sword: while they provide vital resources for development, their structure and rates can significantly shape economic behavior. Balancing tax policies is crucial for sustainable growth and equitable development.

[health-views-updates]

2024-2032 Nebulizer Market Outlook: Revenue, Trends, and Growth

The global Nebulizer Market Revenue is projected to witness substantial growth in the coming years, driven by increasing respiratory health concerns, rising incidences of chronic pulmonary diseases, and advancements in nebulization technology. The market, valued at USD 1.45 billion in 2022, is expected to expand significantly by 2030, registering a compound annual growth rate (CAGR) of 6.23% during the forecast period.

Nebulizers play a crucial role in the administration of medication directly into the lungs, making them indispensable in managing respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and bronchitis. The market’s growth trajectory is further bolstered by increasing air pollution levels, rising tobacco consumption, and a growing aging population vulnerable to respiratory ailments.

Technological innovations, including portable and user-friendly nebulizers, have enhanced patient compliance and convenience, broadening the market’s consumer base. Moreover, the COVID-19 pandemic underscored the importance of respiratory health, further driving the demand for nebulizers worldwide.

Get Free Sample Report @ https://www.snsinsider.com/sample-request/2982

Market Dynamics and Key Trends

The nebulizer market is undergoing a transformative phase with several key trends shaping its future:

Portability and Compact Designs: The development of lightweight and battery-operated nebulizers has made respiratory treatments accessible anytime and anywhere.

Technological Advancements: Integration of Bluetooth technology and smart connectivity in nebulizers allows real-time monitoring of patient data, enhancing treatment efficiency.

Rising Awareness Campaigns: Increasing public awareness about respiratory health and the benefits of early diagnosis are propelling market growth.

Growth in Home Healthcare: The shift towards home-based care, driven by the rising costs of hospitalization, has significantly boosted the adoption of nebulizers.

Regional Insights

North America currently dominates the nebulizer market, attributed to its advanced healthcare infrastructure, high prevalence of respiratory disorders, and increased healthcare expenditure. Meanwhile, Asia-Pacific is emerging as a lucrative market due to a growing population, urbanization, and improved healthcare access.

Industry Challenges

Despite the promising growth, the market faces challenges such as high costs of advanced nebulizers, lack of awareness in developing regions, and limited availability of skilled healthcare professionals for effective usage and maintenance of devices.

Competitive Landscape

The nebulizer market is highly competitive, with key players focusing on research and development to introduce innovative products. Partnerships, acquisitions, and expansions are common strategies adopted to strengthen market positions and meet the increasing demand.

About Us SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Contact Us Akash Anand – Head of Business Development & Strategy Email: info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

[lisakapoorblogs]

Balancing Your Portfolio: Insights from IT Giants and Consumer Goods Leaders

When it comes to building a balanced portfolio, diversifying across sectors can provide stability and growth opportunities. Two of the most prominent sectors for Indian investors are information technology (IT) and consumer goods. Companies like Infosys and ITC have a strong presence in their respective fields, making them attractive options for long-term investors. Monitoring the Infosys share price provides insights into the performance of the IT sector, while ITC serves as a key player in the consumer goods market.

The Role of IT Giants in Your Portfolio

India's IT sector has grown rapidly due to global demand for digital services, software development, and IT consulting. One of India's largest IT companies, Infosys, has consistently posted strong financial results and a strong order book. Infosys' share price is used to measure the Indian IT industry's performance.

Investors can profit from the global technological revolution by investing in Infosys. Infosys' cloud computing, AI, and digital transformation services make it a technology leader. IT is less affected by local economic conditions and more driven by global trends, diversifying an investor's portfolio.

Investors must consider IT stock risks like currency fluctuations, competition, and global IT service demand. Investors can capitalise on the sector's long-term growth by monitoring Infosys and other IT giants.

Consumer Goods as a Stable Investment

On the other hand, consumer goods companies like ITC offer stability because their products are essential. ITC works in tobacco, FMCG, hotels, and paperboards. The ITC share price indicates the company's strength in the consumer goods market, which is resilient during recessions.

Investors seeking stability can trust ITC's diversified business model. While its tobacco business generates steady cash flows, ITC's FMCG segment offers growth potential. ITC is a good balanced portfolio candidate due to its stable income and growth potential.

Consumer goods companies are safer than tech companies, making them good for conservative investors. Food and personal care products remain popular during market uncertainty. This gives companies like ITC a steady revenue stream, protecting investors.

Achieving Balance Between Growth and Stability

Balancing a portfolio between high-growth sectors like IT and stable sectors like consumer goods is a strategy that helps reduce risk while providing growth opportunities. IT companies like Infosys offer potential for higher returns due to their exposure to global markets and innovation-driven growth. In contrast, consumer goods companies like ITC provide stability and regular dividends, which can protect a portfolio during market downturns.

When balancing a portfolio, it's important to allocate investments based on your risk tolerance and investment horizon. Younger investors with a longer time frame might allocate more to IT stocks to benefit from growth, while those nearing retirement may prefer the stability of consumer goods companies. Regularly reviewing your portfolio and making adjustments based on market conditions can also help in maintaining this balance.

[affordabletobaccoaustralia]

Cigarette Tax Fraud Charges

Many Internet cigarette vendors (ICVs) promote their products as tax-free, a major deterrent to state tobacco taxes. Some also fail to report sales to the state tobacco tax administrator and/or comply with Jenkins Act requirements.

In response, most states have passed laws restricting cigarette online delivery sales. These laws focus on preventing tax evasion and youth access and, as such, are intended to address state fiscal and public health concerns.

Convenience

Buying cigarettes online can be a convenient way to obtain tobacco products. Many online retailers offer a variety of products and competitive prices. However, it is important to know the laws in your country before making a purchase. It is also advisable to purchase from an established and secure website.

Internet cigarette sales have grown in recent years as retail cigarette prices have increased. Moreover, online vendors often do not collect excise taxes, which deprives state governments of valuable revenue. Consequently, Hyland and colleagues found that price-sensitive smokers often seek lower-priced and tax-free cigarettes on-line.

Using search algorithms, UNC researchers identified 88 US Internet cigarette vendors. After parental consent, nonsmoking adolescents undertook 83 attempts to purchase cigarettes from these sites. The adolescents paid for their purchases with credit cards marketed to teenagers or by using money orders bought from research staff members. The cigarettes were delivered to their homes. The adolescents were not asked to verify their age for any of the home deliveries.

Variety

Smokers often prefer to purchase order cigarettes online because it offers a wider selection of brands and types than what is available at local stores. Additionally, many retailers provide competitive prices and discounts for bulk purchases that can lead to significant savings over time.

However, it is important to note that purchasing cigarettes or other tobacco products online can present certain risks if the buyer is not careful. For example, buyers may be subject to age verification requirements and other legal requirements if they are purchasing cigarettes from vendors outside of their country. Additionally, the importation of tobacco products is regulated by customs, which can incur additional fees and costs.

The best way to reduce the health risks associated with smoking is by quitting or seeking support to quit smoking. Therefore, the convenience and potential cost savings offered by cigarette shopping online should be weighed carefully against the long-term health risks of continuing to smoke.

Savings

Few studies have examined motivations for purchasing tobacco and e-cigarette products online. However, those that have found that price is a primary driver, with participants citing lower prices, discounts and promotions, the ability to buy in bulk, and the potential to avoid taxes as reasons for purchasing online.

Cigarette vendors often do not collect state excise taxes, depriving governments of needed revenue for tobacco control programs and cancer screening. Moreover, they may use fraudulent shipping practices to circumvent age restrictions. For example, TikTok accounts promoting “discreet shipping” services allow users to reach the checkout page without any verification of age.

Projections suggest that a pack-a-day smoker who purchases cigarettes online instead of at a retail store would save $1,508 per year. This amount is even higher for consumers in high-tax jurisdictions. It is important to note that these savings do not include the cost of shipping, which can be significant. Nevertheless, our findings indicate that consumers are willing to pay these additional costs to purchase cigarettes online.

Taxes

Cigarette taxes are one of the many state and federal licensing regulations businesses selling tobacco products in New York must comply with. Non-compliance may result in financial penalties, or even the loss of a tobacco sales license. Those who commit cigarette and tobacco tax crimes face charges that range from misdemeanors to felonies. A skilled White Collar criminal defense attorney can help clients fight cigarette and tobacco product taxation fraud allegations and obtain favorable outcomes.

The cigarette excise tax is imposed on every pack of cigarettes sold or held for sale in the state. Payment of the tax is evidenced by affixing a tax indicia stamp on each package. Distributors, including those selling online, are required to purchase the stamps and affix them to their packages prior to making sales.

Cigarettes exempt from the tax include those sold to the United Nations and its personnel and certain qualified diplomatic personnel. The cigarette excise tax is also applied to cigarette papers and tubes. The tax rate is set forth per pound, and a proportional tax at the same rate applies to fractional parts of a pound.

[mastergarryblogs]

The Global E-Cigarette and Vape Market: Growth, Trends, and Key Insights The global e-cigarette and vape market is on an impressive growth trajectory. With a projected revenue of USD 72.1 billion by 2032, the industry is set to expand at a CAGR of 11.1% from 2024 to 2032. As consumers increasingly shift away from traditional tobacco products toward alternatives like e-cigarettes and vaping devices, the market is poised to continue its upward momentum in the coming years. Regional Market Performance: North America and Asia-Pacific Leading the Way In 2023, North America’s e-cigarette and vape market was valued at approximately USD 11.1 billion, making it one of the largest regional markets. The demand for vaping products in North America is driven by the rising trend of smoking cessation, stricter regulations on traditional tobacco products, and the growing popularity of alternative smoking options. U.S. regulatory frameworks and evolving public health policies are also contributing to market growth, as more adult smokers switch to e-cigarettes as a potentially less harmful option.

[pankajbansal89newspatrolling]

What is the difference between custom duty and excise duty?

BY: Pankaj Bansal , founder at newspatrolling.com

The key difference between customs duty and excise duty lies in the type of goods they apply to and the stage at which they are levied:

1. Customs Duty:

Definition: Customs duty is a tax imposed on goods when they are imported into or exported out of a country.

Applicability: It applies to goods crossing international borders.

Purpose: Its primary purposes are to regulate trade, protect domestic industries from foreign competition, and generate revenue for the government.

Types: It includes various sub-categories like import duty, export duty, and anti-dumping duty.

Example: If a company imports raw materials from another country, it may have to pay customs duty based on the value and category of the goods.

2. Excise Duty:

Definition: Excise duty is a tax levied on goods produced or manufactured within a country.

Applicability: It applies to goods produced for domestic consumption.

Purpose: The main purpose of excise duty is to raise revenue for the government and sometimes to control the consumption of certain goods (like tobacco and alcohol).

Types: It includes specific excise duties (on certain goods) and ad valorem excise duties (based on the value of goods).

Example: If a company manufactures cigarettes or alcohol within a country, it may have to pay excise duty on the products.

In summary:

Customs duty is applied to imported or exported goods.

Excise duty is applied to goods manufactured domestically for consumption within the country.

Customs Duty:

Legal Framework: Customs duties are governed by international trade agreements and the customs laws of the respective country. In India, for example, the Customs Act of 1962 and the Customs Tariff Act of 1975 regulate customs duties.

Types of Customs Duty:

Basic Customs Duty (BCD): This is the standard duty charged on goods that are imported or exported.

Countervailing Duty (CVD): Imposed to offset subsidies provided to foreign exporters by their governments, ensuring a level playing field for domestic industries.

Anti-Dumping Duty: Charged when goods are imported at a price lower than their normal value in the exporting country, preventing dumping practices.

Safeguard Duty: Imposed to protect domestic industries from a sudden surge in imports that could cause injury to the local market.

Social Welfare Surcharge: Additional duty imposed for social welfare purposes in some countries, like India.

Calculation of Customs Duty: Customs duty is calculated based on the assessable value or transaction value of goods, which includes the cost, insurance, and freight (CIF) of the goods. This is then multiplied by the applicable rate of customs duty to arrive at the final amount.

Importance: Customs duty serves as a protective measure for local industries, regulates the flow of goods, and generates revenue. Additionally, it helps regulate the movement of goods, including prohibited or restricted items like narcotics and arms.

Excise Duty:

Legal Framework: In most countries, excise duty is levied under the Central Excise Act. However, in India, since the introduction of the Goods and Services Tax (GST) in 2017, most excise duties were subsumed under GST. Excise duty still applies to certain goods, such as petroleum, alcohol, and tobacco.

Types of Excise Duty:

Basic Excise Duty: This is the standard excise duty imposed on all manufactured goods.

Special Excise Duty: Imposed in addition to basic excise duty on specific goods.

Additional Excise Duty: Charged in place of sales tax on certain commodities like tobacco products and textiles.

Calculation of Excise Duty: Excise duty can be calculated based on:

Specific duty: A fixed amount is charged per unit of goods (e.g., per liter, per kilogram).

Ad valorem duty: This is charged as a percentage of the value of the goods.

Importance: Excise duty helps raise government revenue and control the production and consumption of goods considered harmful or luxury items (like tobacco and alcohol). It can also be used to encourage or discourage the production of certain goods within a country.

Key Differences at a Glance:

Aspect

Customs Duty

Excise Duty

Applies to

Goods imported/exported

Goods manufactured domestically

Stage of Levy

When goods cross international borders

During production or manufacture

Scope

International trade

Domestic goods

Purpose

Protect local industries, regulate trade

Generate revenue, regulate consumption

Example

Import duty on cars from another country

Excise duty on domestically produced alcohol

Global and Domestic Implications:

Customs Duty: High customs duties can discourage imports, leading to protectionism. Lower customs duties, often a result of free trade agreements (FTAs), can promote international trade.

Excise Duty: Excise duties on products like cigarettes and alcohol are often increased to reduce consumption due to their health impacts. In developing countries, excise duties can also be a significant source of revenue.

Both customs and excise duties play a critical role in a country’s fiscal policy and its approach to regulating trade and production.

[janetushar1]

Cellulose acetate fiber Market to Hit $5.90 Billion by 2032

The global Cellulose acetate fiber Market was valued at USD 4.18 Billion in 2024 and it is estimated to garner USD 5.90 Billion by 2032 with a registered CAGR of 4.4% during the forecast period 2024 to 2032.

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1) North America- (United States, Canada, Mexico, Cuba, Guatemala, Panama, Barbados, and many others)

2) Europe- (Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium, and many others)

3) the Asia Pacific- (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam, and many others)

4) the Middle East & Africa- (Turkey, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt, Nigeria, and many others)

5) Latin America- (Brazil, Argentina, Colombia, Chile, Peru, and many others)

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What trends, challenges, and barriers will impact the development and sizing of the global market?

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SWOT Analysis of key players along with its profile and Porter’s five forces analysis to supplement the same.

How much is the Cellulose acetate fiber Market industry worth in 2019? and estimated size by 2024?

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Who are the top players in the market?

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Company, key regions/countries, merchandise and applications, historical records from 2018 to 2022, and global Cellulose acetate fiber Market till 2032. Study and analyze the market length (cost and volume).

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