Restraining the Golden Weed: Taxation and Regulation of Tobacco

Stephen Smith

FinanzArchiv: Public Finance Analysis, 2008, vol. 64, issue 4, 476-507

Abstract: This paper considers the key economic considerations in tobacco tax policy and its interaction with regulation. How far are high taxes on cigarettes justified by the external costs of smoking, and what other considerations should inform policy decisions about the appropriate level and structure of tobacco taxation? The paper discusses the definition and measurement of the external costs of smoking, and the implications of these costs for tobacco taxation and regulation. Wider issues in tobacco taxation are then considered, including revenue-raising efficiency, the tax base, distributional aspects, and the international dimension to tobacco tax policy.

Keywords: taxation; tobacco; regulation; externalities; social costs (search for similar items in EconPapers)
JEL-codes: H23 I18 (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1628/001522108X397697

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