Casey Costello Tax Cuts for Heated Tobacco Products (HTPs) w/ Professor of Health Economics at the University of Auckland, Paula Logelly: 2 October, 2024
Casey Costello Tax Cuts for Heated Tobacco Products (HTPs) w/ Professor of Health Economics at the University of Auckland, Paula Logelly: 2 October, 2024
Casey Costello Tax Cuts for Heated Tobacco Products (HTPs) w/ Professor of Health Economics at the University of Auckland, Paula Logelly: 2 October, 2024Associate Health Minister, Casey Costello, is pushing for smokers to switch to Heated Tobacco Products, otherwise known as HTPs, as an alternative to other forms of smoking, for what she says is a part of a solution to try work towards Smokefree 2025.
The plan, which aims to get 7000 people to switch to HTPs, will result in a cut of 50% to excise tax to the products at a cost of up to $216 million.
Currently, tobacco giant, Philip Morris, owns a Monopoly of HTPs in New Zealand, which would mean that this company will solely profit off of the tax cuts.
Many are concerned that Costello is prioritising profits over actually working towards lowering tobacco usage within Aotearoa.
As well as this, Philip Morris’ HTPs, known as IQOS’ have recently been pulled from shelves over being classified as vapes, and therefore going against Labour’s vaping regulations, which require vaping products to have child safety mechanisms, as well as having removable batteries.
News and Editorial Director, Joel, spoke to Professor of Health Economics at the University of Auckland, Paula Logelly, on Costello’s push for HTPs, and whether she believes that Costello is putting money over people’s health.