The EU should not tax nicotine too highly
Millions want to quit smoking. But levies that climb too high may instead push people into the black market.
Tobacco, Regulation, and the Future of Choice in Europe
The European tobacco industry stands at a crossroads. On the one hand, it continues to provide governments with a stable and predictable revenue stream—second only to income tax in Germany, and accounting for up to 5 per cent of annual budgets in countries such as Romania and Poland. On the other, the industry faces mounting political exclusion, regulatory mistrust, and a growing push for prohibitionist approaches that risk undermining both innovation and consumer choice.
The EU must learn from its mistakes on environmental regulation
For years, the EU has branded itself as global regulator. With a slowing economy, it promises to reverse past decisions. But its economy will only thrive if it abandons this indecisive course. Its U-turn over banning internal combustion engines is a case in point.
