by © David Johnson | Dreamstime.com On 17 December 2021, Switzerland’s Federal Council put forward a plan to tax the liquids used for e-cigarettes, reported RTS. The Federal Council is proposing a tax similar to the tax on tobacco but at a lower rate in line with e-cigarettes’ lower toxicity. The government does not want to ...
Topics:
Investec considers the following as important: 3) Swiss Markets and News, 3a) Health, Editor's Choice, Featured, health, newsletter
This could be interesting, too:
Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism
Douglas French writes Millennials: In Costco We Trust
Vasil Georgiev writes Luftfahrtindustrie: Rückblick auf 2023 und Prognose für 2024
© David Johnson | Dreamstime.com
On 17 December 2021, Switzerland’s Federal Council put forward a plan to tax the liquids used for e-cigarettes, reported RTS.
The Federal Council is proposing a tax similar to the tax on tobacco but at a lower rate in line with e-cigarettes’ lower toxicity. The government does not want to discourage tobacco smokers from transitioning to e-cigarettes and proposes a rate 77% lower than the tax on tobacco cigarettes.
The aim is to discourage young people from developing an unhealthy e-cigarette habit, said the government.
One idea is to tax the nicotine content in e-cigarette liquids for open systems. This would mean taxes rising with rising nicotine content. For single use e-cigarettes or devices using cartridges the tax would be levied based on the quantity of liquid contained in them regardless of the nicotine contained in them.
According to the government, such a tax would be easy to put in place and would generate around CHF 15.5 million a year, money which would be used to help fund old age pensions and disability benefits.
The Federal Council’s proposal, which will be discussed until 31 March 2022, responds to a motion approved by the parliament and the Council of States in March.
You Might Also Like
Covid: new cases up 30 percent this week in Switzerland
2021-11-01
This week, 10,148 new cases of Covid-19 were reported in Switzerland, up 30% from the 7,818 recorded the week before. On a 7-day moving average basis, the number of daily new cases was 1,450.
Swiss government defends its strategy ahead of second anti-Covid vote
2021-09-28
On 28 November 2021, Swiss voters will be asked whether they accept laws passed by the government on 19 March 2021 that paved the way for the introduction of Switzerland’s Covid certificate, a system that provides proof of vaccination, recovery or a negative test.
Swiss government extends use of Covid certificates from Monday
2021-09-09
On 8 September 2012, the Swiss government decided to extends the use of Covid certificates. From Monday 13 September 2021, a certificate will be required to enter bars, restaurants, museums, cinemas, theatres and pools, a system already operating in numerous countries, such as Italy.
Sharp jump in Swiss Covid-19 intensive care patients
2021-08-20
The latest figures on Covid-19 patients in intensive care in Swiss hospitals show a steep rise in numbers.
Zurich airport: 5 percent to 10 percent of passengers not boarding due to Covid document issues
2021-08-07
During July 2021, around 5% to 10% of long-haul passengers, many in transit, were unable to depart from Zurich airport because their Covid-19 documents did not comply with destination country regulations, reported the newspaper Le Temps.
Covid: 67% of Geneva now has Antibodies
2021-07-16
Vaccination has pushed the percentage of residents in Geneva with antibodies against the SARS-CoV-2 virus up to 67%, according to a recent study by Geneva’s HUG hospital. To some extent, Geneva has been at the forefront of Switzerland’s experience with Covid-19. Since the beginning of the pandemic, the canton has recorded Switzerland’s highest rate of infection, 54% above the Swiss average.
Covid: 483 New Cases in 24 hours in Switzerland
2021-07-14
On 13 July 2021, Switzerland’s Federal Office of Public Health (FOPH) reported 483 new cases of Covid-19, up from a daily average of 274 over the preceding three days. The rise in cases follows a rising trend in the incidence of the more infectious Delta variant, which now makes up the majority of DNA sequenced samples in Switzerland.
Covid: Swiss Government sets out Autumn Scenarios and Measures
2021-07-06
On 30 June 2021, Switzerland’s Federal Council discussed ways of preparing Switzerland for the autumn and winter months and a possible renewed rise in the number of coronavirus cases. From the meeting ministers produced a report setting out various scenarios and response plans.
Tags: Editor's Choice,Featured,Health,newsletter