Smokers in Greece Face Drastic Price Increase
Smokers in Greece are facing a significant price hike, with the cost of a pack of cigarettes projected to increase by 50%.
The current average price of a pack of cigarettes is around €4.60 (approximately $5.30), but this is expected to jump to around €7.00 ($8).
European Commission's Tax Reform
The potential price increase is a result of a massive tax reform proposed by the European Commission, aiming to generate substantial tax revenue and align taxation with public health goals.
- Revision of the Tobacco Taxation Directive (TTD)
- Introduction of a new European levy (TEDOR)
The initiative seeks to modernize the EU’s tobacco tax framework, which hasn’t been significantly updated since 2011.
The core of the Commission’s proposal involves significantly raising the minimum excise duties on nearly all tobacco and nicotine products.
Author's summary: Smokers in Greece may face a 50% price increase due to EU tax reform.
More News
- Keanu Reeves Just Responded to Those Alexandra Grant Marriage Rumors
- Ashton Jeanty Has Made Franchise History
- ‘SNL’ recap: Best moments from Sabrina Carpenter hosting ‘Saturday Night Live’
- ICC dismisses Israel's appeal against arrest warrants for Netanyahu, Gallant
- 4 deliberate reason why I use my old PC to stream instead of a smart TV or tablet
- How to teach Dragon Ascent to Rayquaza - Pokémon Go? - TechStory
- YOUR SUNDAY READING LIST: Emergency Nudity, ICE on Parade, and Portland's Hero Frogs
- Satisfied to take the game deep, says Gill after first ODI defeat to Australia
- Trump posts AI video of himself in a jet dumping brown liquid on 'No Kings' protests