Charities call for cap on tobacco industry profits

Charities call for cap on tobacco industry profits

Two organisations are calling for tax increases in the tobacco industry in next year's Budget.

In their pre-budget submission published today, the Irish Cancer Society and the Irish Heart Foundation are calling for a regulator to propose a cap on tobacco profits.

The Head of Advocacy with the Irish Heart Foundation, Chris Macey, explains why they want these issues addressed.

He said: "The taxpayer is subsidising the tobacco industry to the tune of €500m. An industry that's creating virtually no employment and is making profits that we are estimating at €104m per year, which it takes out of the country.

"It's a drain on our health system, it's killing people and it's just bizarre."


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