China May Increase Cigarette Tax to Reduce Smokers

December 10, 2014 10:01 AM

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The government of China may increase cigarette tax to reduce smokers in the country. An official said the Chinese government may increase the tax on cigarettes in order to raise their prices and deter smokers. This is most likely a strategy made by the nation filled with 300 million smokers to break the practice.

Along other government agencies, the National Health and Family Planning Commission is joining in to address an increase in taxes for tobacco products. Commission spokesman Yao Hongwen said changes to fiscal and tax controls of China supply a chance to increase taxes on tobacco and prices for contro...

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