The Amount of Excise Tax and its Effect on the Consumption of Alcohol and Cigarettes in European Countries
BACKGROUND: Tobacco smoking and alcohol consumption are widespread practices that are legal and socially accepted in many societies. One of the common tools to reduce the consumption of these legal drugs is increasing prices. The prices for customers include taxes (value added tax and excise tax). Hundreds of studies from around the world are interested in the impact of taxes and prices on the demand for tobacco products. This topic is also relevant for governments of all countries trying to regulate consumption.
AIM: The aim of the paper is to describe the amount of excise tax on legal...