development
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News
Summers-Bloomberg Report Emphasizes Role of Excise Taxes in Health Promotion
The father of free markets, Adam Smith, made the case in his seminal book The Wealth of Nations (written in 1776) that “Sugar, rum, and tobacco, are commodities which are no where necessaries of life, which are become objects of almost universal consumption, and which are therefore extremely proper subjects of taxation.” Today, the Bloomberg…
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News
Cigarette consumption has been increasing in Bangladesh even after a decade of tax and price increases: What went wrong?
Despite a high share of tax in price (greater than the WHO’s 75% benchmark) with periodic tax and price increases, cigarette consumption has been increasing in Bangladesh over the last decade. Between 2006-07 and 2016-17, the volume of tax-paid cigarette sales increased by 83%. At the same time, the share of low-price cigarette consumption increased…