Today, Ireland and the United Kingdom levy the highest excise duties on cigarettes in the European Union (EU), at €7.57 (US $8.93) and €6.57 ($7.75) per 20-cigarette pack, respectively. This compares to an EU average of €3.09 ($3.64). In contrast, Bulgaria (€1.76 or $2.07) and Hungary (€1.96 or $2.31) levy the lowest excise duties.
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Additional evidence on the economic benefits of full expensing of investment was recently published in the American Economic Journal: Economic Policy.
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Adjusting incomes for price level can substantially change our perceptions of which states are truly rich or poor. Your dollar goes much further in states like Missouri or Ohio than in states like New York or California. What is the relative value of $100 in your state?
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Sales taxes are levied in over 11,000 jurisdictions across the United States. In many cases, these local sales taxes can have a profound impact on the total rate that consumers pay.
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France’s new 3 percent digital tax may be targeted at Amazon and other large digital firms, but Amazon’s French vendors will bear the burden of the tax.
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