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by banning a portion of tobacco sales altogether could worsen the instability of this revenue source while driving up the costs of administration and law enforcement associated with the ban, especially if the lost revenue is made up by raising the tax rate on the remaining tobacco tax base

Understanding this elasticity helps optimize marketing budgets alongside pricing strategy

We are evaluating our options and will communicate next steps soon.

The March budget forecasts tobacco excise receipts will be just $7.4bn in this financial year the lowest since 2012-13 and will continue to fall to $6.7bn by the end of the decade
