DoF: Govt willing to end cigarette industryhome/Business/Top Business/DoF: Govt willing to end cigarette industryTHE government is willing to terminate the cigarette industry and face revenue losses if that is what it takes to get more people to stop smoking, according to the Department of Finance (DoF). So actually if [people] smoke less, [fewer of them] will be requiring healthcare, right?” the Finance chief said. Also, the government was considering taxing “heat-not-burn” cigarettes, which the Lucio Tan-led conglomerate LT Group Inc. plans to bring into the country. According to Dominguez, he received on Thursday a letter from an undisclosed tobacco company for the importation of these cigarettes. There are several ways to handle this, and we are still figuring out exactly what would be the most appropriate way,” he said.

Source: Manila Times May 19, 2019 16:41 UTC