sin tax

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sin tax

A tax on items considered harmful and non-essential, such as cigarettes and alcohol. Primarily heard in US. I hope you're prepared to pay a sin tax on those cigarettes.
See also: sin, tax
References in periodicals archive ?
Economists doubt that sin taxes greatly affect the behavior of most Americans, especially when the amounts tacked on are quite small (as they usually are).
Sin taxes represent the only substantial tax increase required by the plan, but analysts note that these taxes will have to be enacted as early as January 1994 to keep the plan on track.
8 million less smokers in 2017 than in 2012, and dramatic improvements in healthcare financing and delivery because of the revenues from the sin taxes (P331 billion from tobacco alone)-the fact is that time, or rather population and income growth, have softened the punitive aspects of RA 10351.
At the moment, we are collecting more sin taxes than projected.
In the report, sin taxes are called "worn-out tax sources," and stage governments are advised to seek new sources of revenue to pay for health care and other costs.
We need to work more on the demand side, maybe use the still large amounts of unused sin taxes to launch comprehensive information and education campaigns in schools to tackle not just the sugar in beverages but junk eating in general.
According to the Bureau of Internal Revenue (BIR), the collection from the sin taxes stood at P45.
An increase in sin taxes will not only result in a decrease in smokers by 1 million by 2021 but will also shift household expenditures from tobacco to more healthful products.
6 billion [revenue from the sin tax law], the Department of Health is slated to get 85 percent of the revenues of the sin taxes with majority going to PhilHealth (Philippine Health Insurance Corporation) and the government's UHC program.
Tax revenues from the beauty industry, if properly collected has the capability of surpassing even the sin taxes collected from tobacco and alcohol,' Batocabe earlier said in a statement.
The law works as evidenced by record collections of sin taxes," Rep.
It's about time we take a more serious look at sin taxes so that while we promote the objectives of good health we at the same time raise revenue and discourage smoking.
Year-on-year, sin taxes revenues increased by 12 percent from P20.
The inclusion of the HPV vaccine in the national immunization program, once thought far-fetched because it is still fairly expensive, is really a windfall from the collection of the so-called sin taxes.