There is room for a significant increase in excise duties on tobacco products, a University of Cape Town professor has told a tax indaba. 

This is not only because smokers seem able to absorb higher prices but also because of the high cost of tobacco to society, Prof Corné van Walbeek during said during a discussion on sin taxes and illicit trade at the virtual tax indaba held on Wednesday by the SA Institute of Tax Professionals...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now