TOBACCO companies will be banned from donating to political parties in NSW in the latest deal between the Greens and Labor on election funding reform. The Greens MP John Kaye will move to include the ban in a bill already before Parliament that seeks to overhaul the system of political donations and election spending in the state. The proposal is supported by the Premier, Kristina Keneally, meaning it is set to be in place before the election in ... Jump to full article >>

The Department of Finance (DoF) said that it expects up to P51.41 billion in revenue to be generated from the proposed reform for the excise tax on tobacco and alcohol products. In a document from the DoF, the finance department believes it necessary to push for the passage of the reformed excise tax on alcohol and tobacco products to correct the weaknesses of the Republic act 9334. Estimates released by the DoF showed that adopting a unitary an ... Jump to full article >>