May 19.2011 Tobacco Industry is a 661 billion dollar industry has taken some hits in the past but with 2 billion more people included in 2030 there will always be a fresh pack of people continuing to smoke cigarettes.
T0bacc0 Industry rakes in 661 billion dollars annually, has reaped mega profits and sales of cigarettes world wide makes it a cash cow for the tobacco industry.
Photo: Cigarettes and Taxes-consumers pay-tobacco industry does not.
In 201o Marboro (MO) was the leading brand of cigarettes sold in the US followed by Newport, Camel and Pall Mall. The consumer no matter how bad the economy always will buy food and cigarettes even in the depression. In fact with the added stress of the jobless, unemployment, foreclosures, lack of health care stop smoking programs the number of smokers will not drop soon.
Last year in 2010 the largest consumers of cigarettes were the Italians, Germans followed by Spain Poland and France.
For more details on Taxes on cigarettes per state as of January 1, 2011
Tobacco Retail Sales Globally
Retail Sales of Tobacco breaks down the 661 billion dollars in profits for the Tobacco Companies.
Consumers of Cigarettes are paying higher taxes but how much of that Marboro 661 billion dollars in cigarette profits are taxed by the federal government?
For an industry that causes more lung and other cancers the tobacco industry gets off with tax exemptions, subsidies and has many loopholes to protect their profits.
Tags: Global tobacco taxes, retail sales tax, Cigarette taxes, consumer spending during recessions, food and smokes, corporate taxes on cigarette industry, cancer causing cigarettes, health and taxes, business, corporate taxes on businesses.
Video of British Tobacco Company
Australian government forces the Tobacco Industry to remove all branding on packages of cigarettes, and in return the tobacco company will flood the market with cheap cigarettes to induce more smoking.
22 Billion cigarettes are purchases in Australia alone and the corporate interests are all for increasing consumption, and therefore increasing lung cancer rates.