The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes. Parliament has been asked to back the proposal, which is forecast to bring in around CHF13.8 million (.8 million) in extra tax revenues per year. The proposed tax rate for reusable e-cigarettes is CHF0.20 per millilitere of liquid containing nicotine. For single-use e-cigarettes, the government is aiming for CHF1 per millilitre of liquid – regardless of the nicotine content. The higher tax rate for single use e-cigarettes is intended to put off minors from trying them. The potential attraction of e-cigarettes among youngsters concerns the Swiss authorities. Earlier this year, a nationwide vote decided to limit advertising for all tobacco products
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Business, Featured, newsletter
This could be interesting, too:
Alex J. Pollock writes How Does the Federal Reserve Fit into Our Constitutional Order?
Adnan Al-Abbar writes What Can Carl Menger Teach Us about Falafel Sandwiches?
James Bovard writes Biden Perpetuates Washington’s Idiotic Steel Trade Policies
Alex J. Pollock writes The Federal Reserve’s Capital Has Now Plummeted to Negative 1 Billion
The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes.
Parliament has been asked to back the proposal, which is forecast to bring in around CHF13.8 million ($13.8 million) in extra tax revenues per year.
The proposed tax rate for reusable e-cigarettes is CHF0.20 per millilitere of liquid containing nicotine. For single-use e-cigarettes, the government is aiming for CHF1 per millilitre of liquid – regardless of the nicotine content.
The higher tax rate for single use e-cigarettes is intended to put off minors from trying them.
The potential attraction of e-cigarettes among youngsters concerns the Swiss authorities.
Earlier this year, a nationwide vote decided to limit advertising for all tobacco products that may be seen by young people.
Tags: Business,Featured,newsletter