Word: taxed
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...collected data should equip countries around the world to begin implementing anti-tobacco policies, Chan says, including smoking bans, aggressive anti-tobacco campaigns and massive tobacco tax hikes. According to the report, nearly two thirds of the world's smokers live in 10 countries - China, India, Japan, Indonesia, Bangladesh, the U.S., Brazil, Germany, Russia, and Turkey. China alone accounts for nearly 30% of all smokers worldwide. Currently, only 5% of the world's population lives in countries - predominately in Western Europe - that have any antismoking policies in place. "These are straightforward and common sense measures within the reach of every...
According to the study, the most effective tactic globally has been simply to raise prices. "Increasing taxes is the best way to decrease consumption," Bettcher said, pointing to the direct relationship between a rise in excise tax rates and a fall in cigarette purchases in South Africa between 1990 and 2006. Making tobacco prohibitively expensive, said Bettcher, will decrease consumption, especially among those who can least afford to smoke. Lower income people smoke significantly more than the wealthy, and spend a much higher proportion of their income on tobacco - 20% of the most impoverished households in Mexico spend as much...
Still, even in this democratic nation of ours, Presidents have a big imprint on economic policies, if not necessarily outcomes. If Al Gore--or even John McCain--had been the one who moved into the White House in 2001, big tax cuts would not have been at the top of the presidential agenda. But with George W. Bush, who never met an economic problem he didn't think could be solved by reducing tax rates, they were...
With so many countries doing all they can to lure the rich, Britain's decision to get tough on tax breaks seems either brave or crazy. The government's gamble is that London, in particular, has so much else to offer its nondoms - a leading position in financial services, world-class culture, easy access to Europe, the U.S. and the Middle East - that most will stay and pay. But at a time when the economy is already showing signs of wear and tear, there's clearly a danger that the foreign rich will pack up and take their fat wallets...
...delivered a set-piece speech that wove his promise to defeat "the transcendent challenge of our time - radical Islamic extremism," with chestnuts aimed at proving he would be an able and conservative steward of the economy. At one stop he led with a promise to "make President Bush's tax cuts permanent," an odd choice given that McCain famously infuriated conservatives by voting against Bush's tax cuts in 2001 and 2003. In his presidential campaign, McCain has said he supports making the cuts permanent because allowing them to sunset would have the effect of raising taxes, which would...