IEFIMERIDA: EU TOBACCO TAX HIKE RISKS REVERSING GREECE’S ANTI-SMUGGLING SUCCESS

IEFIMERIDA: EU TOBACCO TAX HIKE RISKS REVERSING GREECE’S ANTI-SMUGGLING SUCCESS

Iefimerida warns that the European Commission’s proposed Tobacco Excise Directive revision, pitched as a public-health measure, is primarily driven by the EU’s need for new own-resources revenue. Citing EPICENTER research showing every €1 tax increase grows the black market by 5–12%, the article highlights the danger of steep hikes on cigarettes, heated tobacco and e-liquids just as Greece achieves its lowest smuggling rates in a decade—while the rest of Europe faces record illicit trade.

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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