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Germany unexpectedly hikes tobacco tax earlier
Germany raised tobacco taxes earlier than scheduled due to a technical error by the Ministry of Finance, which led to the implementation of the cigarette tax increase before it was corrected. This is expected to raise the price of a pack of cigarettes from around 8 euros now to about 12 euros by 2030, with the possibility of reaching 14 euros for popular brands. The tax increase aims to reduce smoking rates, as it is estimated that approximately 19% of Germans smoke, and the increase will generate an additional 12 billion euros in revenue for the government over four years.
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