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Mexico hikes price of cigarettes

Thursday, December 30, 2010 - 01:24

Dec 31 - After ringing in the New Year Mexico's smokers will face a tax increase for cigarettes, but whether this will cut down on smoking remains to be seen. David Botti reports.

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Mexicans looking to stop smoking for their New Year's resolution will now have some new incentives. 2011. Will bring a seven pesos tax increase to the cost of cigarettes. In depth bringing in millions in additional revenue. The increase follows another recent law mandating graphic warnings on cigarette packs about the dangers of tobacco. Some experts -- the tax hike could give rise to more cigarette smuggling. For consumers of whether they'll give up lighting up or shut up the extra pesos is yet to be seen. It condemning this -- -- this smoker says the graphic warnings make him think twice about grabbing that next cigarette. And he'd rather stop smoking then switch to a cheaper brand. But others believe once a smoker always a smoker. Give -- here as even if they increase the prices more people continue to consume it. Even if they reach fifty pesos that people continue to Biden because the device these you. Mexico smokers will have to begin weighing money against habit when the law goes into effect on January 1. David -- Reuters.

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Mexico hikes price of cigarettes

Thursday, December 30, 2010 - 01:24