E Cigarette Review – New Info On The Topic..

Tobacco taxes are also a huge source of revenue within the EU, with the sin tax bringing in around 70 billion euros in 2015. Based on this document, we estimate it’s now closer to 80 billion. In contrast to the USA, tobacco tax revenues have remained relatively steady despite declining numbers of smokers. But that’s because of huge tax increases instead of steady sales. In 2008 Europe brought in 101.42 Euros per 1000 cigarettes sold – by 2015 it was 152.44. (Source: World Bank.)

It’s challenging to get accurate figures of the number of E-Cig Reviews for the entire of Europe, but Reason.com estimates that by 2016 6 million vapers had used electronic cigarettes to stop smoking, while another 9 million had used vaping to slice back. More recently, Japan Tobacco International estimated there were approximately 40 million vapers on the planet, with all the possible ways to grow to around 110 million by 2025. With Europe having around 30% from the total, that will equate to around 12 million vapers currently.

That’s still small when compared to the quantity of smokers inside the EU. The populace in the EU is about 512 million, and Europe estimates that around 26% from the population still smoke. That’s a tremendous 133 million people, who typically, in accordance with the EU, will experience an average loss of life of 14 years.

Considering that vapers are comparable to around 9% in the total variety of smokers, we could roughly estimate the decrease in tobacco revenue to be around 7.2 billion euros, with disclaimers as before (the lack of ability to account for dual vapers, for people who have quit both smoking and vaping and the reality that there are many vapers in countries rich in taxes on cigarettes.)

A short mention here of medical care. Healthcare is commonly excellent in the EU, so needless to say governments to need to fork out for the expense of smoking diseases. But these are typically cheaper to treat than aging diseases (lung cancer is a faster killer than dementia). Smoking diseases also strike many smokers around about pensionable age, saving governments many billions in pension payments.

Of course, we can’t know if these concerns influence the EU. But we can examine just what the EU has done and said. For as long ago as 2013, MEPs were raising concerns about e cigarettes. Here’s what one MEP asked: “The consumption of traditional cigarettes supplies the Member States with sizeable revenues, because of the substantial taxes that these are subject… can the Council state what action it plans to choose to use address the variations in tax revenue materialising in State coffers following the proliferation of e cigarettes, which currently seem to be free from any kind of duty?”

The EU commission continued to try and medicalise e-cigarettes (an effective ban, as during the time there have been no e-cigarettes with medical authorisation). Due in part to vigorous campaigning by vapers, this cause the messy compromise this is the Tobacco Products Directive. Vaping has become restricted, but remains legal.

The EU has also held consultations on implementing vape specific taxes. I attended one of the consultations inside london, and also the EU representative actually posited tax being a positive factor for the vaping industry – on the basis which a standard EU vape tax can be quite a lot a lot better than draconian taxes imposed by individual countries. An alternative stance is recorded in EU documents, where they appear to estimate that by harmonising duties on e-cigs, tobacco tax losses may be restricted to 2.5% of total tax revenue. (Source: EU Commission Report).

So far these initial attempts happen to be thwarted. But that could not really be the case, and lots of in the market think it’s only a point of time before a vape tax is implemented. It doesn’t help that inside the EU there mwrnff 24 organisations pushing for tighter vape regulations.

Wonder where their funding is originating to finance lobbying the EU? Based on International Vaping, in 2016 over 500 million euros of it came from the EU. So essentially, the EU is paying anti-vape organisations to lobby itself for tighter rules on vaping.

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