Uploaded August 2026 | Updated September 2026, 3 weeks ago
Would slashing the tax excise on tobacco help to reduce Australia's growing illicit tobacco market? One Nation wants to slash the tax on cigarettes by 75 per cent and freeze indexation for three years, saying a cut to the tobacco excise will help make the illicit market trade unprofitable.
The tobacco commissioner says more than half of all tobacco consumed in Australia is now coming from the illicit market, which has led to as much as $12 billion in taxes being lost each year.
The federal government has been pushing back on calls to slash the tobacco excise to try to reduce the price of legal cigarettes and undermine the black market.
Video by Cale Matthews
Note: In most cases, our captions are auto-generated.
#ABCNewsIndepth #ABCNewsAustralia
Would slashing the tax excise on tobacco help to reduce Australia's growing illicit tobacco market? One Nation wants to slash the tax on cigarettes by 75 per cent and freeze indexation for three years, saying a cut to the tobacco excise will help make the illicit market trade unprofitable.
The tobacco commissioner says more than half of all tobacco consumed in Australia is now coming from the illicit market, which has led to as much as $12 billion in taxes being lost each year.
The federal government has been pushing back on calls to slash the tobacco excise to try to reduce the price of legal cigarettes and undermine the black market.
Video by Cale Matthews
Note: In most cases, our captions are auto-generated.
#ABCNewsIndepth #ABCNewsAustralia
