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Is the e-cigar tax coming?

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(Image from INS)

According to a recent report by Bloomberg, the US House of Representatives fundraising committee approved the e-cigarette tax collection bill, which will be the first US tax on nicotine liquids. The purpose is to prevent young people from smoking e-cigarettes, because the price of e-cigarette products can be raised to a level that young people cannot afford.

Tom Suozzi, a New York Democratic Party representative who initiated legislation, said in a statement: "The increase in the cost of e-cigarettes will be directly related to reducing the use of e-cigarette products." In addition, the U.S. Tax Joint Commission also pointed out that once the new law is passed and implemented, the next 10 The year will bring nearly $10 billion in revenue to the federal government.

As for the electronic cigarette tax, there is no relative official announcement in the United States. It is true or false. The specific situation still needs to wait for some time.

On August 23, the first suspected e-cigarette death in the United States occurred in Illinois, USA. The data show that at least 22 patients between the ages of 17 and 38 in the state have the same symptoms as the case after using e-cigarettes.

But in the end, the latest findings on lung injury caused by the use of e-cigarettes indicate that the epidemic has played a role in the cannabis product: on September 28, the US Centers for Disease Control and Prevention (CDC) posted on its official website. The Morbidity and Mortality Weekly report stated that 77% of respondents used products containing THC (THC) or both THC-containing products and nicotine-containing products.

If the e-cigarette tax is really coming, it is a fundamental plan for the relevant e-cigarettes issued by relevant US government agencies at this stage. In fact, the Philippines, Russia, etc. are actually conducting e-cigarette control through a series of means such as taxation.

Domingos said: "I don't think we will ban it. We believe that e-cigarettes already exist and are very popular in the Philippines and cannot be banned."

All in all, the first layer of e-cigarette tax is still like the US believes that it can help reduce the use of e-cigarettes by minors, but obviously, it is still impossible to completely eliminate it. After all, it is a need for minors to smoke e-cigarettes. Cut into the long tail proposition from all angles. In addition, the arrival of e-cigarette tax can help accelerate the reshuffle of the e-cigarette industry to a certain extent.

The actual policy has not yet landed, which gives all e-cigarette brands more breathing opportunities. For e-cigarette companies with insufficient product compliance and weak financing capabilities and unhealthy cash flow, the e-cigarette tax is basically the day when the end of the run.

The debate about whether e-cigarettes are "safe and healthy" will always be there. At the moment, the most pragmatic, or concerned about when e-cigarettes can really be included in the benign regulatory scope.

28/10/2019

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