While EU rules on tobacco taxation work well in terms of predictability and stability of tax revenues, they are no longer effective in deterring consumption. This is one of the conclusions that emerged from the evaluation of the 2011 Directive on the structure and rates of excise duty applied to manufactured tobacco, published on Monday 10 February by the European Commission.
According to the Commission, the increase in the EU minimum rates for cigarettes and tobacco, as provided for in the...