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s2sdefault

The Finance Ministry recently announced a proposal for higher taxes for the electronic cigarettes industry.

The vaping trend emerged about 11 years ago, and today, the industry is allegedly worth RM2.27 billion.

It is projected that the industry will be worth RM10 billion in the next few years if the government supports it in one way or another.

The only benefit of having such an industry is that it can be a source of revenue for our country through high taxes, but this could be counterproductive if all that revenue goes down the drain with healthcare expenditures to treat vape- and smoking-related diseases.