sin tax

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'sin' tax

A popular term for any tax levied on 'pleasure poisons'–eg, alcohol, tobacco. See Alcohol, Smoking.
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With the exception of air passenger duty, all sin taxes take a greater share of income from the poor than from the rich.
'In general, utilising sin taxes for the purposes of healthcare financing is perceived to be politically acceptable across many countries, including countries in Southeast Asia.
The state takes in 4.8 percent of its revenue from sin taxes, and the national average is 2.3 percent.
The forum considered whether sin taxes are guided by clear taxation principles that reduce behaviors society wishes to discourage, or if they are simply a convenient means to help boost state budgets.
The study, on "the sin taxes that make the poor poorer", said: "The most effective way for the state to lift people out of poverty is to stop taking their money."
"Sin taxes could address three of these four major behavioral determinants of overall health," Dr.
Sin taxes would raise P 33 billion ($800 million or Dh2.75 billion) in 2013, said Ramon Carandang, presidential spokesman, adding the amount is expected to gradually increase every year.
And states, trying to close gaps in their budgets, are looking at all kinds of taxes, including "sin taxes"--taxes intended to discourage undesirable behaviors.
AP--All the budget plans awaiting the Tennessee Legislature when it returns to session June 19 contain an increase to tobacco and alcohol taxes, known as sin taxes, as a way to raise revenue.
Reese said, "There is very little concern over raising 'sin taxes' on tobacco and alcohol.
The government needs about P258 billion next year to implement the universal health care program, and sin taxes were supposedly among its main sources of funding.
Citing the Department of Health (DOH), he said UHC, without a steady funding source from higher sin taxes, will mean that Philippine Health Insurance Corp.