A recent increase in cigarette excise duty could boost illicit trade and challenge tax collection, warns a report. The changes threaten to impact employment in agriculture, specifically FCV tobacco ...
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Ignore the 2026 1% IRS excise tax on cash moves and you could go broke
The new 1% federal excise tax on certain cash and money transfers starting in 2026 is not a nuisance fee you can shrug off. For households that move money across borders, run cash-heavy businesses, or ...
The One Big Beautiful Bill Act (OBBB), signed into law on July 4, 2025, includes sweeping changes to the U.S. Internal Revenue Code (Code). Changes involve the expansion of excise taxes imposed on ...
Report warns high cigarette taxes may fuel illicit trade, hurting tax collection. Excise duty impact on tobacco farmers & ...
Before the latest notification, cigarettes and other tobacco products were taxed under a layered structure combining GST with multiple cesses, including a compensation levy ...
The new levies will replace the 28% GST plus compensation cess that has applied to tobacco products since 2017. With the ...
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) overcame considerable debate and became law. Notwithstanding significant (to say the least) funding changes to Medicaid, Medicare, and the ...
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