Because of the 75 percent OTP tax that takes effect August 1, 2010, many tobacconists from New York aren’t making the trek out to New Orleans this year. A source close to the market tells me that the New York cigar shops are focused on buying as much product as they can in July, particularly [...]
Continue reading about EXCLUSIVE: New York Tobacconists Bailing on IPCPR Show
Finally, someone gets it! New York may have passed the cigar tax already, but we all know that doesn’t mean it will work. The latest from Bankrate, in fact, implies that the OTP tax will crash and burn … and has the right reasoning. I’d love for the rest of the media to take a [...]
Continue reading about Bankrate Highlights Government Hypocrisy on Cigar Taxes
It is done. The “Other Tobacco Products” tax, which includes cigars, has been raised from 46 percent in New York to 75 percent. The measure takes effect August 1, 2010 in one of the largest premium cigar markets in the country. Yet, we shouldn’t consider this final. We can work to have this pressure alleviated, [...]
Continue reading about Four Misconceptions about the New York Cigar Tax
It’s as disappointing as it is unsurprising. In New York, the tax paid on wholesale was upped from 46 percent to 75 percent. The increase will take effect on August 1, 2010. While this is an improvement from the 90 percent tax rate originally proposed, it is still far too high, especially in the wake [...]
It isn’t much of a victory, but at least it’s a step in the right direction. As the State of New York feels its way to a budget, the proposed tax on “Other Tobacco Products” (i.e., products other than cigarettes) has been lowered to 75 percent of wholesale. Originally, it was put forward at the [...]
Continue reading about UPDATE: Proposed NY Cigar Tax Down to 75%
Act now. Contact your representatives, and urge them to take action to prevent the absurd taxation of cigars in New York. Protect your rights and the viability of your local tobacconist. Get a list of contacts here. via A Cigar Smoker
Continue reading about Michael Herklots Weighs in on Proposed NY Cigar Tax
via European Cigar Journal on YouTube
Continue reading about New York Tobacconists Speak Out about OTP Tax Increase Proposal, Part III
via European Cigar Journal on YouTube
via European Cigar Journal on YouTube
Continue reading about New York Tobacconists Speak Out Against Increased OTP Tax
