OLDCORN: Australia’s tobacco tax fiasco offers Canada a smoking hot warning

May 05, 2025 by westernstandard.news

OLDCORN: Australia’s tobacco tax fiasco offers Canada a smoking hot warning

Australia's tobacco excise revenue plummeted to $7.4 billion AUD this year from $16.3 billion AUD in 2019‑20, despite high taxes. Smokers turned to cheaper contraband due to tax hikes, leading to a 50% revenue drop in five years. Canadian authorities should pay attention as they increase taxes and regulations, resulting in a rise in vape store robberies across the country.

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