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What is a sin tax?

short by Mansi Agarwal / on Saturday, 20 July, 2024
A sin tax is an excise tax levied on goods and services like tobacco, alcohol and gambling, which are deemed harmful to people. The tax aims to reduce or eliminate the use of such products by making them more expensive to buy. The government is expected to increase tax rates on cigarettes and other tobacco products in the Budget.
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