Keep up with
Newstalk ZB

Sun, 19 May 2013, 05:16

Have Your Say

Talkback 0800 80 10 80
Overseas +64 9 307 1080
Text 9292

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • Sign Up

Site Search

Search Search

Select your region:

Tobacco revenue not as high as first thought

Share |

Tobacco revenue not as high as first thought

By: Felix Marwick | Latest Political News | Monday July 2 2012 7:27

 

Official papers show the Government's not made the money it thought it would from raising tobacco taxes.

Just released Treasury documents show the Government was warned not to overestimate tobacco revenue before it decided to introduce further excise increase on tobacco in May's Budget.

Analysis of the impact of tobacco tax hikes from the previous three years show that in 2011 the Government didn't get the extra $130 million in tobacco revenue it had expected.

And even this financial year the Government's income from tobacco revenue will be $125 million lower than forecast back in 2010.

Photo: stock.xchng

 

Related Subjects

Smoking |

 

Latest Political News

Advertisement
Mike Hosking Breakfast
Advertisement

  • Bill increasing petrol tax passes

  • Super Rugby: Crusaders victorious over Blues

  • North Korea launches short-range missiles

  • Second Airbus for Fiji

  • Inquiry ordered over treatment of residents

  • Tennis: Nadal, Federer through to Rome semis

  • 200 day waka journey

  • Two arrested after bomb-making materials found

Latest Newstalk ZB Video

  • Auckland Writers & Readers Fes ...

  • Steven Adams: NBA-bound

  • Kevin Milne Comment: Saturday ...

  • Jack Tame Comment: Saturday 18 ...

  • Friday-Budget Passion

  • Thursday-Topless Research

  • Wednesday-Gilmore So Gone

  • Tuesday-Unconventional Centre

National Convention Centre

Do you support the Government's deal with SkyCity over the National Convention Centre

Vote Now

View Results

Advertisement

  • Advertise With Us
  • Roger Advice
  • ZB App ad
  • Radius Care
  • Awesome Service
  • Paper Plus