RECENT NEWS
Forbes  Nov 12  Comment 
Companies like Altria oppose tobacco excise tax increases because, among other things, it create incentives for contraband and counterfeit tobacco product trafficking. However, a study commissioned by the Commonwealth of Massachusetts has...
SeekingAlpha  Oct 17  Comment 
By Aristofanis Papadatos: Philip Morris (NYSE:PM) announced its Q3 results Thursday. Although the company reported lower earnings per share ($1.38 vs. $1.44) and slightly lower revenue (by 1%) than last year's figures, the company beat the...
Forbes  Aug 1  Comment 
Why does the medical-device excise tax still exist? The tax is a universally reviled Obamacare revenue-raiser, skimming 2.3 percent off the sales of medical devices. Outside liquor and tobacco, most Americans don’t see excise taxes, which are...
newratings.com  Jul 3  Comment 
NEW YORK CITY (dpa-AFX) - Cigarette maker Philip Morris International Inc. (PM) Thursday reported lower second-quarter profit, along with a slide in reported net revenues that exclude excise taxes. Yet, adjusted earnings and revenues topped...
Forbes  Jun 20  Comment 
U.S. taxes today bear little resemblance to the taxes collected before World War II. Income and payroll taxes have replaced tariffs and excise taxes at the federal level while property taxes have become less important for state and local...
SeekingAlpha  Mar 7  Comment 
ByRy The Kid: Philip Morris International (PM) has been selling tobacco products since the end of the 19th century, and will continue to sell them long after this article is published. However, there are a few things that can bring an untimely end...
BusinessWeek  Oct 13  Comment 
Republican presidential candidate Herman Cain, who has pledged to throw out the U.S. tax code, now says he would keep excise taxes on goods such as gasoline, beer and cigarettes.
Wall Street Journal  Aug 8  Comment 
Airline travelers are finally catching a break. Even though the government is taxing tickets again, the total cost to consumers is staying about the same.
MarketWatch  Apr 21  Comment 
Philip Morris International Inc. said Thursday that its first-quarter net profit rose 13% as it also lifted its earnings guidance for the year. The group reported a profit of $1.92 billion, or $1.06 a share, compared to $1.7 billion, or 90 cents...




 
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