Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Kalousek Favors Lower Tax on Pricier Cigarettes, MF Dnes Says

July 13 (Bloomberg) -- Czech Finance Minister Miroslav Kalousek prefers to raise the tax on cheaper tobacco products rather than on pricier brands, so that Philip Morris would keep its production facility in the country, Mlada Fronta Dnes said citing the minister.

Philip Morris may start reducing its global production facilities including the one in the Czech Republic and raising tax on expensive brands may contribute to its closing, the newspaper added.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.