A significant effect of cigarettes taxation to reduce consumption
Cigarette taxation is a measure used by governments to reduce the consumption of tobacco products. The idea behind this strategy is to make cigarettes less affordable, thereby reducing their demand and, as a result, lowering the rates of smoking and related health problems. In this blog, we’ll explore the significant effect of cigarette taxation on reducing consumption and why it has become an effective policy tool for many governments around the world. The first and most obvious effect of cigarette taxation is the increase in price. When the cost of…
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