Green Smoke Electronic Cigarette Review – Read This Post..

Tobacco taxes are also a big source of revenue in the EU, with the sin tax bringing in around 70 billion euros in 2015. Based on this document, we estimate it’s now closer to 80 billion. In contrast to the USA, tobacco tax revenues have remained relatively steady despite declining numbers of smokers. But that’s as a result of huge tax increases instead of steady sales. In 2008 Europe brought in 101.42 Euros per 1000 cigarettes sold – by 2015 it was 152.44. (Source: World Bank.)

It’s challenging to get accurate figures of the number of Green Smoke Electronic Cigarette Review for the entire of Europe, but Reason.com estimates that by 2016 6 million vapers had used electronic cigarettes to prevent smoking, while a further 9 million had used vaping to reduce back. More recently, Japan Tobacco International estimated there were approximately 40 million vapers on the planet, with all the potential to grow to around 110 million by 2025. With Europe having around 30% from the total, that would mean around 12 million vapers currently.

That’s still small compared to the number of smokers in the EU. The populace of the EU is about 512 million, and Europe estimates that around 26% in the population still smoke. That’s an enormous 133 million people, who normally, in accordance with the EU, are experiencing a typical loss of lifetime of 14 years.

Considering the fact that vapers are comparable to around 9% from the total variety of smokers, we might roughly estimate the decline in tobacco revenue to get around 7.2 billion euros, with disclaimers as before (the inability to account for dual vapers, for those who have quit both smoking and vaping and the fact that there are other vapers in countries rich in taxes on cigarettes.)

A brief mention here of health care. Medical care tends to be very good in the EU, so of course governments to have to fork out for the cost of smoking diseases. But these are typically cheaper to take care of than aging diseases (lung cancer is actually a much quicker killer than dementia). Smoking diseases also strike many smokers around about pensionable age, saving governments many billions in pension payments.

Of course, we can’t determine these concerns influence the EU. But we can look at what the EU has been doing and said. As long ago as 2013, MEPs were raising concerns about electronic cigarettes. Here’s what one MEP asked: “The usage of traditional cigarettes supplies the Member States with sizeable revenues, due to the substantial taxes which these are subject… can the Council state what action it promises to use to address the differences in tax revenue materialising in State coffers after the proliferation of e cigarettes, which currently appear to be clear of any form of duty?”

The EU commission went on to try and medicalise e-cigarettes (an effective ban, as during the time there was no electronic cigarettes with medical authorisation). Due to some extent to vigorous campaigning by vapers, this lead to the messy compromise this is the Cigarettes And Tobacco Products Directive. Vaping continues to be restricted, but remains legal.

The EU has additionally held consultations on implementing vape specific taxes. I attended one of many consultations inside london, and also the EU representative actually posited tax being a positive factor for your vaping industry – on the basis that a standard EU vape tax can be quite a lot much better than draconian taxes imposed by individual countries. Another stance is recorded in EU documents, where they seem to estimate that by harmonising duties on e-cigs, tobacco tax losses could be limited to 2.5% of total tax revenue. (Source: EU Commission Report).

So far these initial attempts have already been thwarted. But which could not really function as the case, and lots of in the industry think it’s only a matter of time before a vape tax is implemented. It doesn’t help that inside the EU there mwrnff 24 organisations pushing for tighter vape regulations.

Wonder where their funding is coming to finance lobbying the EU? In accordance with International Vaping, in 2016 over 500 million euros of it has come from the EU. So essentially, the EU is paying anti-vape organisations to lobby itself for tighter rules on vaping.