DUTY FLOOR
January 1st, 2002
BY KEITH NUTHALLFLEXIBILITY is required in the regime setting the European Union's minimum excise duty rates for tobacco, says the European Parliament, which has voted for changes to a proposed duty floor of 57 per cent of the retail sale price and Euro 70 for 1000 cigarettes tabled by the European Commission. MEP's voted for a reduced 1,000 cigarette rate of Euro 60, along with an alternative option of allowing Member States to charge a minimum duty of excise and VAT combined of 71 per cent of the retail sale price. The committee claims that the Commission's ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.