Submitted by hieronymusanonymous t3_yhz0jo in worldnews
Comments
hieronymusanonymous OP t1_iugmc1k wrote
Cigarette companies pay import duties for their cigarettes sent into Russia. I haven't been able to locate the figures for that, so I don't know how much of the £7bn in taxes comes from that. My guess is all of it, but the article could have been more precise about this.
[deleted] t1_iugmnpd wrote
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forzaq8 t1_iugmnrz wrote
In my country we have a high import duty on cigarettes and each time they raised it the price of cigarettes raised the same % , Philip Morris isn't paying that, the customer is
hieronymusanonymous OP t1_iugnnrm wrote
Ultimately, taxation of any kind winds up being paid by the consumer. But the point is that with import duties, the manufacturer is paying the taxes directly to the government and it isn't internal taxation. Philip Morris is indeed paying that even though the ultimate consumer pays more for its cigarettes as a result.
Peachthumbs t1_iugoxao wrote
Would be nice if all companies paid taxes.
Yesyesyes1899 t1_iugruvt wrote
lol. its the same companies that push the dumbest drug in history and have tried to make it seem as harmless as possible . what do we expect ??
new_sorpigal_enroth t1_iugxhw8 wrote
Russia has its own tobacco plantations and factories, most of those taxes are sale tax so, Russians paid for it themselves
Particular-Ad-4772 t1_iugy5c3 wrote
Smoking kills Russians , war kills Russians.
Big Tobacco is on to something.
webster8347 t1_iuh01qy wrote
Tobacco giants give a sh#t about people's health - they are TOBACCO GIANTS!
Figuurzager t1_iuh5sx9 wrote
Ehm, no, depends on the price elasticity of demand. If you hit the cliff where demand drops of sharply and you still make a nice profit it won't be smart raising the price as you'll will be making a lot less money.
No-Stretch6115 t1_iuhscg2 wrote
Considering the Europeans are giving Putin a billion euros a day in gas purchases, this is chump change.
Hypotheticall t1_iuhsdwy wrote
They're talking about import duties - due on arrival into country of destination - payable by originator.
Tight_Vegetable_2113 t1_iuhxuho wrote
MSN sucks
BLobloblawLaw t1_iuhyb2y wrote
On one hand, they pay 7bn in taxes. On the other hand, they are long-term bamboozling the Russian population.
Imagine Russia without alcohol and tobacco. Good or bad?
obiwanconobi t1_iui5pz6 wrote
Wow these tobacco giants sound like bad people wonder what else they've done
fantastics-airports t1_iuit2f9 wrote
Let me guess, when you pay taxes ir Russia because you sell a product in Russia you're now funding Putin's war machine?
Rudy69 t1_iuggop4 wrote
The tobacco industry will support anyone that’s willing to make it easier to try to get the kids hooked. They know once that happens no one can do anything about it, their product does the rest of the work