FLEXIBILITY is required in the regime setting the European Union's minimum excise duty rates for tobacco, says the European Parliament, which has voted for changes to a proposed duty floor of 57 per cent of the retail sale price and Euro 70 for 1000 cigarettes tabled by the European Commission. MEP's voted for a reduced 1,000 cigarette rate of Euro 60, along with an alternative option of allowing Member States to charge a minimum duty of excise and VAT combined of 71 per cent of the retail sale price. The committee claims that the ...

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