Recent Study: Tobacco in Dominican Republic
On 1 January 2013, the Dominican government implemented the most draconian fiscal austerity package in recent history, which triggered the worst economic slowdown in a decade. A wide range of public spending cuts was implemented. All types of taxes, without exemption, were raised. In cigarettes, the tax raise impact was two-fold: a 13% VAT increase and a 12% specific excise increase. As a consequence, prices grew more than double inflation (to 10%) and to make things worse, that was done...
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