Coalition Vows to Slash Tobacco Excise by 80 Percent to Tackle Black Market
'We're very confident at an 80 percent cut, we will smash the business model of the criminal gangs who are supporting illegal tobacco,' said Angus Taylor.
TL;DR
- Coalition plans to cut tobacco excise by 80 percent.
- Vaping will be re-legalized if the Coalition wins the election.
- This policy follows a similar proposal by One Nation.
- Tobacco excise in Australia is used for revenue and to discourage consumption.
- The excise rate is indexed to average weekly earnings.
- The government receives over $2,500 per kilo of legally sold tobacco product in taxes.