World Health Organizaton Mulls First “World Tax”Submitted by McWilly on Fri, 09/28/2012 - 13:56
Read that headline. Now read it again. The World Health Organization is mulling the first “World Tax” on cigarettes. They are “thinking it over.” Of course they have zero authority whatsoever to enact any tax anywhere at any time, ever. But never mind that small detail.
News reports came out yesterday reporting the WHO’s plan to put a tax on cigarettes on the table at its November conference that would tax smokes at a rate that could reach 70%.
The concept was initially proposed by a working group set up by World Bank to explore innovative sources of financing health care and envisions a voluntary action by interested governments to adopt an additional tax levy as part of their regular tobacco excise on each pack of cigarettes consumed,” the WHO said in a January statement. “This would increase the effective excise tax rate on cigarettes towards the WHO recommended level of 70 percent of the retail price and, by generating substantial revenues, could ensure a sustainable revenue stream for financing international health.