financetom
World
financetom
/
World
/
Tax Money vs Health | New Zealand move to scrap world-first 'generational smoking ban' rekindles old debate
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tax Money vs Health | New Zealand move to scrap world-first 'generational smoking ban' rekindles old debate
Nov 28, 2023 8:58 AM

New Zealand's newly-appointed Prime Minister, Christopher Luxon, announced on Monday (November 27) the scrapping of the world-leading anti-smoking laws that were set to be implemented. The move, coming just six weeks after Luxon's conservative National Party secured victory in the national elections, has been met with both criticism and concern.

Luxon, a former airline executive, was sworn in as the head of the new coalition government in a ceremony held in the capital, Wellington. In his inaugural address, Luxon expressed his commitment to addressing economic challenges, prioritising the management of inflation and the reduction of interest rates.

However, he also confirmed the repeal of the "generational smoking ban" introduced last year, prohibiting the sale of tobacco to individuals born after 2008.

The decision to abandon the ground-breaking legislation, which had positioned New Zealand at the forefront of global efforts to combat smoking, has sparked controversy. Luxon defended his choice, emphasising the potential tax revenue from ongoing cigarette sales as a crucial source of income for the government. Additionally, he voiced concern about the emergence of a thriving black market for tobacco, driven by the ban.

Anti-smoking groups swiftly condemned the move, labelling it a significant setback for public health. The Health Coalition Aotearoa, representing a Maori perspective on the matter, decried the decision as "a major loss for public health" and accused Luxon's government of prioritising tobacco industry profits over the well-being of New Zealanders. The legislation, enacted by the previous Labour Party government under Jacinda Ardern, aimed to reduce the prevalence of tobacco use in the country.

While the smoking rate among adults in New Zealand is relatively low at 8%, the now-revoked legislation had ambitious goals of achieving a completely smoke-free future for the nation.

Critics argue that abandoning these measures not only undermines public health efforts but also contributes to a potential resurgence in smoking-related illnesses.

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA STOCKS-Miners weigh on TSX at open
CANADA STOCKS-Miners weigh on TSX at open
Apr 30, 2024
April 30 (Reuters) - Canada's main index opened lower on Tuesday, dragged down by materials stocks, while investors assessed economic data at home and in the U.S. ahead of the Federal Reserve's interest rate decision later in the week. At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 91.41 points, or 0.42%, at 21,920.21....
Top Midday Stories: Shares of Eli Lilly, HSBC Get Post-Earnings Bump; BBVA Exploring Merger With Sabadell; FTC Disputes 300 'Junk' Patent Listings
Top Midday Stories: Shares of Eli Lilly, HSBC Get Post-Earnings Bump; BBVA Exploring Merger With Sabadell; FTC Disputes 300 'Junk' Patent Listings
Apr 30, 2024
11:59 AM EDT, 04/30/2024 (MT Newswires) -- All three major Wall Street indexes were down in late-morning trading Tuesday in the wake of higher-than-expected employment cost data and ahead of the Federal Open Market Committee's decision on rates Wednesday. In company news, Eli Lilly ( LLY ) reported Q1 non-GAAP earnings Tuesday of $2.58 per share, up from $1.62 in...
EMERGING MARKETS-Latam currencies head for worst monthly performance since August
EMERGING MARKETS-Latam currencies head for worst monthly performance since August
Apr 30, 2024
* Colombia central bank rate decision on tap * Mexico economy grows 0.2% in Q1 from previous quarter * Brazil's job creation outpaces expectations in March * Argentina lower house approves Milei reform bill * Latam FX down 0.8%, stocks shed 1.4% By Bansari Mayur Kamdar April 30 (Reuters) - Stocks and currencies in Latin America fell on Tuesday, with...
METALS-Copper prices fall after hitting two-year high
METALS-Copper prices fall after hitting two-year high
Apr 30, 2024
(Updates with official prices) By Polina Devitt LONDON, April 30 (Reuters) - Copper prices in London fell on Tuesday after four sessions of gains, retreating on slower manufacturing activity growth in top consumer China but still poised for the largest monthly jump in more than three years owing to supply concerns. Benchmark copper on the London Metal Exchange (LME) was...
Copyright 2023-2024 - www.financetom.com All Rights Reserved