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Federal budget 2023: Tobacco tax to increase 15% in massive smoking, vaping crackdown
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Cigarette prices in Australia, already the world's highest, will rise nearly 7% on Monday due to a scheduled tobacco excise increase. The hike comes as critics argue that soaring prices have fueled
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🚬 Australia is one of the most expensive countries in the world to smoke. A pack of cigarettes can cost over $40. Has that success story backfired? Find out on this week's
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Chart: Where Smoking Breaks the Bank (& Where It Doesn't)
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The rise in black market tobacco and cigarette sales has seen a large hit to the federal budget, costing the Commonwealth $6.7 billion in lost revenue annually. Tax increases have lifted the
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Australia consumption of nicotine has skyrocketed 40 per cent since 2017 as people turn to the black market for cheaper products, according to new ABS data. Link in our bio to read
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Cigarette prices in Australia soar fuelling underworld turf war
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