{"id":22069,"date":"2020-07-19T11:34:43","date_gmt":"2020-07-19T15:34:43","guid":{"rendered":"http:\/\/www.tasteyourjuice.com\/wordpress\/?p=22069"},"modified":"2020-07-19T11:34:43","modified_gmt":"2020-07-19T15:34:43","slug":"vaping-news-italy-hnb-reduced-tobacco-tax-rate","status":"publish","type":"post","link":"https:\/\/www.tasteyourjuice.com\/wordpress\/archives\/22069","title":{"rendered":"VAPING NEWS: ITALY [HNB Reduced Tobacco Tax Rate]"},"content":{"rendered":"<p><span data-offset-key=\"f4ntq-0-0\">&#8220;A surprise move by the Italian government is protecting heated tobacco&#8217;s privileged tax status. At issue is a proposal that would have hiked taxes on heated tobacco \u2014 over which Philip Morris International (PMI) has a near monopoly \u2014 so that it would be close to par with conventional cigarettes. In Italy, taxes on heated tobacco are only a quarter of the standard rate on conventional cigarettes. But the government declined last week to give its backing, prompting lawmakers to withdraw the amendment. With a 98 percent market share, IQOS enjoys de facto monopoly status and has seen sales doubling year-on-year. This year, it&#8217;s expected to account for 9 percent of all tobacco product sales.&#8221;<\/span><\/p>\n<p><strong>BILL TARLING<\/strong> &#8212; <em>PMI has admitted [during a Canadian hearing] that they are pricing their HNB refills to be about the same price as a pack of cigarettes (under the pretext that it was so smokers would feel like they&#8217;re getting an equal quality product and not an inferior much lower cost replacement). In fact, that&#8217;s a ploy to pocket the HNB portion that would have been the tobacco tax amount &#8212; in Italy for example, since HNB only pays about 1\/4 the tax rate compared to cigarettes, but since they charge about the same amount as a pack of cigarettes for their refills; they get to pocket approximately 75% of the monies that would have been due as tobacco tax. So in reality, they&#8217;re having the consumer pay them an extra 75% of the tobacco tax rate that the consumer should not have had to pay.<\/em><\/p>\n<p>ARTICLE LINK:<\/p>\n<p><a href=\"https:\/\/www.politico.com\/news\/2020\/07\/19\/big-tobacco-italy-taxes-369772\" target=\"_blank\" rel=\"noopener noreferrer\">Italian tax spat reveals Big Tobacco\u2019s clout<\/a><\/p>\n<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - https:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"https:\/\/www.hupso.com\/share\/\"><img decoding=\"async\" src=\"https:\/\/static.hupso.com\/share\/buttons\/dot.png\" style=\"border:0px; padding-top: 5px; float:left;\" alt=\"Share Button\"\/><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Pinterest\",\"Reddit\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"medium\";var hupso_image_folder_url = \"\";var hupso_url_t=\"\";var hupso_title_t=\"VAPING%20NEWS%3A%20ITALY%20%5BHNB%20Reduced%20Tobacco%20Tax%20Rate%5D\";<\/script><script type=\"text\/javascript\" src=\"https:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div>","protected":false},"excerpt":{"rendered":"<p>&#8220;A surprise move by the Italian government is protecting heated tobacco&#8217;s privileged tax status. At issue is a proposal that would have hiked taxes on&#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[],"class_list":["post-22069","post","type-post","status-publish","format-standard","hentry","category-vaping-news","wpcat-147-id"],"_links":{"self":[{"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/posts\/22069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/comments?post=22069"}],"version-history":[{"count":2,"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/posts\/22069\/revisions"}],"predecessor-version":[{"id":22071,"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/posts\/22069\/revisions\/22071"}],"wp:attachment":[{"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/media?parent=22069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/categories?post=22069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tasteyourjuice.com\/wordpress\/wp-json\/wp\/v2\/tags?post=22069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}