EXCISE REFORM
March 1st, 2001
BY ALAN OSBORNIN an attempt to stamp out smuggling and fraud, the European Commission is proposing that excise duties on popular cigarettes sold throughout the 15 EU countries should be brought much closer together. In a proposed new directive, the Commission says there should be a minimum fixed amount of excise duty of Euro 70 (about Pounds 42) per 1,000 cigarettes in the most popular price category, which would be in addition to the existing minimum excise requirement of 57% of the retail price.At present taxes range from Euro 48.44 to 210.57 per 1,000 ...
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