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Spain May Approve Tax Increase on Tobacco Today, Expansion Says

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Dec. 3 (Bloomberg) -- Spain may approve a tax increase on tobacco products today in order to shore up revenue to reduce the budget deficit, Expansion reported, citing local radio station Cadena Ser.

The government may raise the tax during today’s weekly cabinet meeting and the increase would be effective from Jan. 1, the newspaper added.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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