Japan Tobacco International
Three years ago, Thailand’s National Statistical Office revealed that the number of Thais above the age of 15 who smoked cigarettes had risen to 11.4 million in the previous year – an increase of 21 percent. It also revealed that every year there were about 50,000 Thais who died as a result of smoking. Despite the staggering number of deaths, Thailand will not be increasing its cigarette tax hike.
The Philippines said Friday it has dropped a tax evasion case against the country's number-two cigarette manufacturer after it was sold to Japan Tobacco to raise funds for a record 30 billion-peso (586 million dollars) settlement.Manila had accused Mighty Corp of using counterfeit tax stamps to avoid paying 37.88 billion pesos in taxes, and threatened it with criminal charges.However in July, President Rodrigo Duterte ordered the finance department to accept a settlement, under which Mig
