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Treasury acknowledges that less is more with tobacco taxes

February 19, 2026 - 13:00 -- Admin

Tobacco excise has climbed by around 60% since 2020 and now accounts for more than two-thirds of the legal cost of a packet of cigarettes. While illegal cigarettes are easily accessible and cost between $10 and $15 for a pack of 20, a legal packet of cigarettes now costs $40 or more. Therefore, despite higher

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