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Date Posted: 03:22:10 12/18/25 Thu
Author: Curious
Author Host/IP: 49.196.20.66
Subject: Re: The anti's chickens have come home to roost....
In reply to: Curious 's message, "The anti's chickens have come home to roost...." on 03:34:05 12/16/25 Tue

Looks like they've definitely shot themselves in the foot...

"Australia's roaring tobacco black market has blown more holes in the federal budget but Treasurer Jim Chalmers continues to stare down calls to tackle the excise driving the trade.

In Dr Chalmers' mid-year budget update released on Wednesday, Treasury revised down the expected tax take from the tobacco excise by $8.2 billion over four years

"This reflects the persistent and significant decline in legal tobacco consumption," according to the Mid-Year Economic and Fiscal Outlook.

That would be cheered by the government, which has steadily increased the excise over recent decades in an effort to dissuade smokers, if not for the fact that smoking rates have not declined by anywhere near as fast as excise revenue."

https://www.msn.com/en-au/news/australia/budget-takes-8-2b-hit-thanks-to-black-market-tobacco/ar-AA1Sv8Em

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