“Tobacco tax revenue has fallen by almost half as Kiwis kick the smoking habit. The accounts show revenue from customs and excise duty fell almost $700 million compared to the same period the previous year. New Zealand Taxpayers’ Union spokesman Louis Houlbrooke said the Government should allow the downward trend in tax takings to continue. “Instead, new regulations currently being considered by the Director-General of Health threaten to keep New Zealanders on the durries.” Under a proposed law change, sales of vaping products to under-18s would be banned, flavours restricted and vapers barred from lighting up in smoke-free areas.”
ARTICLE LINK: Tobacco tax revenue plunges as Kiwis kick the habit
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