Cigarettes, liquor and passports View(s):There are a few commodities that are targeted quite often in preparing revenue proposals of the government budget. Traditionally, both traders and consumers anticipating tax increases on cigarettes and liquor, begin to respond even before the day of the Budget Speech. Owners of the boutiques and liquor shops, on the other hand, used to pile up stocks and hide them, pretending to their customers that cigarettes and liquor were all sold out to panicked customers. What is so common between the commodities like cigarettes or liquor and passports? Social attitude towards cigarettes and liquor as “bad and harmful” provides an additional justification for higher taxes on these commodities.
Source: Sunday Times April 12, 2019 14:37 UTC