Assessing the impact of excise duties on a state’s revenues: the case of Greece
DOI:
https://doi.org/10.3326/pse.45.3.4Keywords:
excise duties, specific excise tax, ad valorem excise tax, tobacco product, cigarette, fine-cut tobacco, GreeceAbstract
The purpose of this study is to assess the impact of excise duties on tobacco products on state’s revenues. Increasing excise duties on tobacco may act as a means to reduce the consumption of this product and thus to have a positive effect on citizens’ health and prosperity. Our research showed that an increase in consumer income will result in a certain increase in cigarette consumption and an analogous decrease in fine-cut tobacco consumption, while a similar increase in cigarette price results in a small decrease in cigarette consumption and a very large increase in fine-cut tobacco consumption. Additionally, stepping up an anti-smoking campaign results in a decrease in cigarette consumption. Specifically for Greece we found that during 2019 and 2020 there will be a decrease in the state’s revenues from excise duties on tobacco products of €150-€200 million each year
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Copyright (c) 2021 Christos Papageorgiou, Panagiotis Farlekas, Zacharias Dermatis, Athanasios Anastasiou, Panagiotis Liargovas
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.