Guest Post: Australia’s tobacco tax collapse offers a stark warning for the NZ Treasury

A guest post by Rohan Pike: The latest Australian Budget reveals a simple and uncomfortable truth: the black market for cigarettes is growing faster than anyone in Canberra predicted. This is a stark warning for New Zealand. In just one year, the Australian Government has received 46% less tobacco excise and a massive $12.5 billion […] The post Guest Post: Australia’s tobacco tax collapse offers a stark warning for the NZ Treasury first appeared on Kiwiblog.