title: Korea's 2015 cigarette tax increases.
abstract: South Korea increased tobacco taxes in 2015 after a 10-year gap. This commentary suggests two lessons for public finance practitioners. Substantive tax increases are crucial to reducing tobacco use; particularly where prices are demonstrably lower and prevalence higher in comparison to other countries ranked similarly on economic development indicators. Second, as a rule of thumb, governments cannot afford to neglect the annual increases that ensure that tobacco taxes do not lose their efficacy over time.
authors: Rajeev
authors: R
authors: Cherukupalli
mesh_terms: D003132:Commerce / Q000191:economics; D006801:Humans; D012907:Smoking / Q000191:economics*; D013660:Taxes / Q000191:economics; D019460:Tobacco Industry / Q000191:economics; D062789:Tobacco Products / Q000191:economics*