South Korea increased tobacco taxes in 2015 after a 10-year gap. This commentary suggests two lessons for public finance practitioners. Substantive tax increases are crucial to reducing tobacco use; particularly where prices are demonstrably lower and prevalence higher in comparison to other countries ranked similarly on economic development indicators. Second, as a rule of thumb, governments cannot afford to neglect the annual increases that ensure that tobacco taxes do not lose their efficacy over time.
|Original language||English (US)|
|Number of pages||2|
|State||Published - Mar 2016|
ASJC Scopus subject areas
- Health(social science)
- Public Health, Environmental and Occupational Health