Kudrin Confirms Cigarette Tax Hike

The Finance Ministry is proposing that tobacco excises be increased to 3,000 rubles per 1,000 cigarettes from the current 270 rubles by the year 2015, Deputy Prime Minister Alexei Kudrin, who is also finance minister, told the State Duma on Wednesday. Plans for next year include raising tobacco excises by 60 percent and then moving to a more significant increase, he said. “When tobacco excises […]