Now Available: Tobacco in Italy
Taxes on tobacco products in Italy continued to rise in 2012 as the government worked to address the country’s sovereign debt crisis and avoid an IMF-EU bailout. Higher taxation compounded the negative impact that unfavourable economic conditions had on total tobacco consumption, with falling disposable incomes encouraging many smokers to try and cut down or quit. Increased price sensitivity also led many of those who continued to smoke to trade down to cheaper brands or switch from cigarettes...
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