Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

Add Yahoo as a preferred source to see more of our stories on Google. Washington, D.C.—Congressman Doug LaMalfa, R-Richvale, reintroduced bipartisan legislation to repeal the 12 percent federal excise ...

Discover the impact of tobacco taxes on revenue and public health. Explore their pros, cons, and limitations in reducing tobacco consumption and funding healthcare.

From 1 February 2026, most tobacco products attract 40% GST with excise-based levies replacing compensation cess. GST will now be computed on MRP instead of transaction ...