Cigarettes tax hike bipartisan but $19.5 billion hole in Labor costings
- Written by The Conversation Contributor
The government has found a A$19.5 billion hole in Labor’s plan to boost tobacco excise – a proposal that Treasurer Scott Morrison’s budget will also adopt in the scramble for revenue.
Whether the Coalition is re-elected or Labor wins, tobacco excise, which has been increasing by 12.5% annually since 2013, will continue to rise...