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 >
US Equities Markets End Higher Thursday as Traders Weigh Nvidia Earnings, Economic Data
US Equities Markets End Higher Thursday as Traders Weigh Nvidia Earnings, Economic Data
Nov 21, 2024
04:03 PM EST, 11/21/2024 (MT Newswires) -- US benchmark equity indexes ended higher Thursday as markets weighed Nvidia's ( NVDA ) results and the latest economic data. * Nvidia's ( NVDA ) fiscal Q3 earnings more than doubled year-over-year late Wednesday as demand for generative artificial intelligence propelled revenue above Wall Street's estimates. Nvidia ( NVDA ) expects Q4 consolidated...
EMERGING MARKETS-Latin American currencies slip as risk-aversion prevails
EMERGING MARKETS-Latin American currencies slip as risk-aversion prevails
Nov 21, 2024
* Latam stocks down 0.9%, FX off 0.7% * Brazil's fiscal package expected to be finalized this week * Matt Gaetz withdraws name for U.S. attorney general post (Updates with mid-session trading) By Shashwat Chauhan and Pranav Kashyap Nov 21 (Reuters) - Most Latin American currencies slipped on Thursday as investors avoided dipping in to risky assets amid elevated geopolitical...
CANADA STOCKS-TSX posts biggest gain since August on fiscal stimulus measures
CANADA STOCKS-TSX posts biggest gain since August on fiscal stimulus measures
Nov 21, 2024
* TSX ends up 1.4% at 25,390.68 * Posts biggest gain since Aug. 8 * Eclipses last Thursday's record closing high * Government proposes new spending measures (Updates at market close) By Fergal Smith Nov 21 (Reuters) - Canada's main stock index jumped to a record high on Thursday, with energy and financial shares leading broad-based gains as commodity prices...
TSX Closer: The Index Surges 1.4% to a Record Following Four Days of Gains
TSX Closer: The Index Surges 1.4% to a Record Following Four Days of Gains
Nov 21, 2024
04:27 PM EST, 11/21/2024 (MT Newswires) -- The Toronto Stock Exchange surged to a fresh record on Thursday, pushed higher as traders pushed up energy and tech issues and rising for a fourth-straight session. The S&P/TSX Composite Index closed up 354.22 points to close at 25,390.68, topping the prior record of 25.049.67 set on Nov.14. Information Technology, up 2.18%, and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved