THE FEDERAL GOVERNMENT'S HYPOCRISY WHEN DEALING WITH NICOTINE PRODUCTS IS SECOND TO NONE [Yahoo! Finance]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
bat.com/ir
Company Research
Source: Yahoo! Finance
MONTREAL April 18, 2024 /CNW/ - While anti-tobacco lobby groups are applauding the recent excise increases on cigarettes and vaping products, Imperial Tobacco Canada calls out the federal government's alleged justification and challenges the Liberal Party of Canada to come clean with their real intentions when it comes to nicotine. "The federal government needs to stop justifying tobacco tax increases on the back of reducing smoking rates in the country and admit, once and for all, they are addicted to cigarette taxes," said Eric Gagnon , Vice President, Corporate and Regulatory Affairs for Imperial Tobacco Canada. "Unfortunately, this recent announcement will not increase government revenues, but it will increase an already rampant illegal and untaxed market." Currently, one third of cigarettes in Canada are sold illegally and without any taxes. The RCMP has stated that there are more than 175 organized crime groups that are trafficking untaxed and unregulated cigarettes and gov
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BTI
Sec Filings
- 5/1/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/30/24 - Form 6-K
- BTI's page on the SEC website