The Minjoo Party of Korea’s chairman Rep. Kim Chong-in called for the “readjustment” of the taxes on cigarettes, noting that the tax increase appears to be failing in its antismoking aims.
In 2014, The Ministry of Health and Welfare decided to double the tax imposed on packs of cigarettes from 1,550 won ($1.37) to 3,318 won. The Health Minister forecast that the tax increase would reduce the number of smokers by almost 8 percent.
“The government should admit to using tax increases on cigarettes as an excuse to collect more taxes,” Kim said at a party meeting. “If they fail to deliver on a promise, they should readjust the policy. We urge the government to come forward on this issue.”
|The Minjoo Party of Korea chief Rep. Kim Chong-in (left) attends a party meeting on Wednesday. Park Hae-mook/The Korea Herald|
Data from the Ministry of Strategy and Finance showed Friday that 2015 tax revenue from tobacco sales is estimated to reach about 5.9 trillion won ($52 billion), an increase of about 1.5 trillion won from the year before.
By Yeo Jun-suk (email@example.com)