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Australia to hike tobacco taxes

Australia to hike tobacco taxes

The Australian government is to increase taxes on tobacco to raise A$5.3bn as it tries to offset a revenue shortfall. Prices will rise by 12.5% per year for four years starting from 1 December.

It adds to Australia's move to introduce plain packaging for tobacco products in December after a landmark High Court victory against major tobacco firms.

The government said the move would also provide funds for treating cancer and providing stroke-related services.

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