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Tobacco tax reform in Argentina will reduce tobacco consumption

2020/09/16|Industry news

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According to tobacco control, in order to curb domestic tobacco consumption, the Argentine government has raised its tobacco tax rate several times in recent years. However, the government's reform of tobacco tax system has led to the rising prices of all kinds of tobacco products in China, which further increases the absolute value of the price elasticity of the public's short-term demand for tobacco products.

In this regard, some analysts in Argentina believe that the tax reform will have a certain impact on the government's fiscal revenue and per capita tobacco consumption. At the same time, it also shows that the increase of tobacco tax will reduce the public's tobacco consumption to a certain extent.

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