Posted on 02/22/2015 7:04:38 PM PST by Olog-hai
Egypt said Sunday it will raise the sales tax on both local and imported cigarettes as it confronts a major budget deficit.
The decision announced by the presidency increases a flat tax by at least 7 cents for a pack of less expensive cigarettes. More expensive brands will see an increase of at least 20 cents.
A similar move last July raised prices 25 to 40 cents per pack. One in four Egyptian adults smoke, according to a 2013 World Health Organization report. …
(Excerpt) Read more at hosted.ap.org ...
I knew he had guts, but this really shows it.
Do the smoke Camels there?
Well, I suppose it’s better than having your head cut off.
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