The high cost of cigarettes — 70% of which is taxes — drives illegal sales. Now the feds are adding a 'cost recovery' charge to legal smokes
The federal government will soon impose" cost recovery " levies on the tobacco industry to be paid by the major legal producers in proportion to their share of the market. The federal government will soon implement a “ cost recovery ” program for the tobacco industry. This will involve levies to be paid by the major legal producers in proportion to their share of the market.
The proposed levy is purely cost-based and therefore provides no incentive for efficient government: the more the regulator spends, the greater the levy on the regulated. The regulator can spend and employ without limit knowing that such costs will be covered by the evil forces of capitalism. To give an example: last year Health Canada sent a tobacco delegation of 15 employees to a conference in Panama.
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The Federal Government Excise Taxes Health Canada Big Tobacco Tobacco Regulatory Fees Cost Recovery Price Of Cigarettes
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