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The extreme profitability of the UK tobacco market and the rationale for a new tobacco levy


Reference:

Branston, J. R. and Gilmore, A., 2015. The extreme profitability of the UK tobacco market and the rationale for a new tobacco levy. University of Bath.

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    Abstract

    The profitability of the tobacco industry is now topical as the current UK government, and the main opposition Labour party, have both outlined plans for a levy on the UK tobacco industry. The basic idea is that the industry should explicitly pay more towards the costs their products impose upon society and which are currently born by all taxpayers. Implicit within this idea is that the industry is earning significant profits from which a fuller contribution could be made towards the societal costs engendered. Thus, in this report we seek to examine the current profitability of the UK market and comment upon the different possibilities that exist for such a levy since the details are not yet fixed. To that end, in section A of this report we explore the profitability of the UK tobacco market during the last five years, and then in Section B we comment upon the possibilities that exist for such a tobacco levy and how the industry might make a larger financial contribution. Finally our conclusions are presented in Section C.

    Details

    Item Type Reports/Papers
    CreatorsBranston, J. R.and Gilmore, A.
    Uncontrolled Keywordstobacco industry,profitability,tobacco levy
    DepartmentsSchool of Management
    Faculty of Humanities & Social Sciences > Health
    Research Centres & Institutes > Institute for Policy Research
    Research CentresUK Centre for Tobacco Control Studies
    Centre for Governance and Regulation
    StatusPublished
    ID Code43061

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