Posts tagged: business tobacco

Neb. Lawmakers Mull Collecting Tribal Tobacco Tax Revenue

Tweet LINCOLN, Neb. — A bill that would create a way for Nebraska to collect tobacco tax revenue from Native American tribes advanced Wednesday through a first-round legislative vote. The measure would call for state officials to reach compacts with tribes so they could collect money to comply with a national legal settlement with the four largest U.S. tobacco companies. At stake is $46 million in settlement money for health care expenses. ... Jump to full article >>

Tobacco-funded ad campaign ‘misleading’

Tweet PUBLIC health experts say a campaign that links plain cigarette packaging with children buying ”chop chop” – unbranded loose tobacco – from criminal gangs is grossly misleading and indicative of a desperate industry. The Association of Australian Retailers, which is bankrolled by big tobacco, has been running advertisements claiming children as young as 14 are smoking illegal tobacco smuggled by ”highly organis ... Jump to full article >>

Board raises tobacco price by Rs 4 per kg

Tweet The Tobacco Board has agreed to increase the minimum guarantee price by Rs 4 a kg to farmers of F1 Grade from the current Rs 120. This was decided after board Chairman G Kamalavardhana Rao held meetings with representatives of farmers and traders. Farmers of southern light soils in Prakasam district, who have cultivated flue-cured virginia, have been insisting on remunerative price. However, traders were offering only Rs 112.98 a kg as agai ... Jump to full article >>

Market Report: BAT soars after stubbing out racketeering charge

Tweet Following a key legal triumph in the US, British American Tobacco (BAT) was left high up the top-tier index’s leaderboard last night, advancing 54.5p to 2,462p. The cigarette group made the move after investors awoke yesterday morning to news from across the Atlantic that the company had succeeded in its attempt to be removed from a racketeering ruling. BAT was among a number of groups found in 2006 to have fallen foul of anti-rackete ... Jump to full article >>

Tribes Irked Over Proposed Tobacco Tax

Tweet FORT HALL, Idaho — The state Legislature is considering raising its tax on cigarettes by $1.25 per pack, but some lawmakers are trying to extend the tax to reservations as well. The Sho-Ban tribe said the proposal came out of nowhere, and a state-enforced tax would hurt their local revenue. LeeAnn Avila works for the Fort Hall Health Education Department. Her boss, Rebecca Washikie, said that a state-enforced tobacco tax could potent ... Jump to full article >>