Australia Tobacco Tax Increase To Raise AUD$5bn Over Four Years : News Photo

Australia Tobacco Tax Increase To Raise AUD$5bn Over Four Years

SYDNEY, AUSTRALIA - AUGUST 01: Cigarette packets with health warnings are displayed in a convenience store on August 1, 2013 in Sydney, Australia. In a plan announced today, the government will increase the excise on tobacco by 12.5 per cent annually over the next four years, raising over AUD$5 billion. The hike is estimated to increase the cost of cigarettes by AUD$5 by 2016, and is the first increase in the tobacco excise since 2010. (Photo by Cameron Spencer/Getty Images)
Caption:
SYDNEY, AUSTRALIA - AUGUST 01: Cigarette packets with health warnings are displayed in a convenience store on August 1, 2013 in Sydney, Australia. In a plan announced today, the government will increase the excise on tobacco by 12.5 per cent annually over the next four years, raising over AUD$5 billion. The hike is estimated to increase the cost of cigarettes by AUD$5 by 2016, and is the first increase in the tobacco excise since 2010. (Photo by Cameron Spencer/Getty Images)
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Date created:
August 01, 2013
Editorial #:
175127110
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Photographer:
Cameron Spencer / Staff
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Getty Images News
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Getty Images
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Getty Images AsiaPac
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75735256

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Cigarette packets with health warnings are displayed in a convenience... News Photo 175127110Australia,Business,Cigarette,Convenience,Finance,Healthcare And Medicine,Horizontal,Packet,Store,Sydney,WarningPhotographer Collection: Getty Images News 2013 Getty ImagesSYDNEY, AUSTRALIA - AUGUST 01: Cigarette packets with health warnings are displayed in a convenience store on August 1, 2013 in Sydney, Australia. In a plan announced today, the government will increase the excise on tobacco by 12.5 per cent annually over the next four years, raising over AUD$5 billion. The hike is estimated to increase the cost of cigarettes by AUD$5 by 2016, and is the first increase in the tobacco excise since 2010. (Photo by Cameron Spencer/Getty Images)