Story perspectives

Experts Demand Tobacco Tax Freeze Amid Black Market Surge

2/16/2026

Summary

Story summary

Experts urge a freeze on tobacco excise amid a surge in the black market.
The Treasury analyzes tobacco demand elasticity, signaling policy changes.
Finance Minister Katy Gallagher acknowledged the government is reviewing excise policies.
Economist Chris Richardson says the current tax structure has fueled organized crime, with revenue projections dropping.
Public health expert Becky Freeman supports freezing the excise, noting tax increases are ineffective amid cheap illicit products.

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Story summary

Experts urge a freeze on tobacco excise amid a surge in the black market.
The Treasury analyzes tobacco demand elasticity, signaling policy changes.
Finance Minister Katy Gallagher acknowledged the government is reviewing excise policies.
Economist Chris Richardson says the current tax structure has fueled organized crime, with revenue projections dropping.
Public health expert Becky Freeman supports freezing the excise, noting tax increases are ineffective amid cheap illicit products.