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 >
European bond yields steady near multi-month lows
European bond yields steady near multi-month lows
Oct 3, 2024
LONDON, Oct 3 (Reuters) - Euro zone government bond yields were steady on Thursday, as markets weighed expectations for European Central Bank interest rate cuts and the escalating conflict in the Middle East. Germany's 10-year yield, the benchmark for the euro zone, was last little changed at 2.1%. It fell to its lowest level since Jan. 4 on Tuesday at...
China stocks set for best month in nearly a decade on stimulus cheer
China stocks set for best month in nearly a decade on stimulus cheer
Oct 3, 2024
SHANGHAI/SINGAPORE, Sept 30 (Reuters) - Chinese stocks extended a blistering rally on Monday with those in the mainland headed for their best month in almost a decade, as Beijing rolled out further stimulus measures to arrest a slowdown in the broad economy. Benchmark indexes in mainland China began the week on a solid footing after clocking their best weekly performance...
China, HK stocks extend rally on further stimulus cheer
China, HK stocks extend rally on further stimulus cheer
Oct 3, 2024
(Updates at 0246 GMT) SHANGHAI/SINGAPORE, Sept 30 (Reuters) - China stocks surged again on Monday after posting their best weekly performance in nearly 16 years last week as Beijing rolled out further stimulus measures to arrest a slowdown in the broad economy. Benchmark indexes in mainland China soared about 6% shortly after opening on Monday, while Hong Kong's Hang Seng...
GLOBAL MARKETS-Shares hesitant as Nikkei skids, China stocks surge
GLOBAL MARKETS-Shares hesitant as Nikkei skids, China stocks surge
Oct 3, 2024
* Asian stock markets: https://tmsnrt.rs/2zpUAr4 * Nikkei dives as markets ponder risk of higher rates * China shares surge again on stimulus rush * Fed's Powell to speak ahead of payrolls test * Oil prices supported by Mideast strife (Updates prices) By Wayne Cole SYDNEY, Sept 30 (Reuters) - Share markets turned hesitant in Asia on Monday as strife in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved