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This means applying specific or mixed (specific and ad valorem) taxes on all tobacco products, taxing all tobacco products in a similar way (to reduce the potential for product substitution), and regularly increasing tax rates to continually reduce the affordability of tobacco products
Japan Tobacco CEO Mitsuomi Koizumi told an earnings briefing in February: We have very high expectations for growth of the so-called tobacco vapor category in five years or so from now. The iQOS is a tobacco stick that is heated just enough to produce an aerosol but not combust
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