Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Tobacco Excise Increase: Effect on Price Uncertain

Release British American Tobacco

British American Tobacco New Zealand today said that it was difficult to precisely predict the effect of the Government’s excise increase on the final price of its tobacco products.

The Head of Corporate and Regulatory Affairs, John Galligan, said “Given that this increase was only made today, it is too early to know how it will be reflected in the price the consumer will pay for each of our brands.

“However, what we do know is that the Government has understated the price increase. If the full excise increase is to be passed to consumers by the manufacturers, wholesalers and retailers, then the full price increase to consumers could be more than the $1 indicated by Government.

“Naturally, there are a number of elements that will determine the final price, including manufacturer increases and distributor margins and retailer margins.

“While at this time British American Tobacco New Zealand cannot give a clear indication on the final price of its brands, it is clear that the Government wants to see consumers pay more for tobacco products.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>


9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>


Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>