Friday, April 26, 2013

Smoke More So We Can Quickly Raise Revenue Through Higher Cigarette Tax: Indian Chief Minister

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The chief minister of the Indian state of West Bengal wants to increase a tax on cigarettes and tobacco products by 10 percent as a way of raising revenue to provide funds to thousands of investors who were defrauded of their life savings by a private investment company called the Saradha Group.

Sudipta Sen, a businessman who ran the fraudulent investment scheme, has been arrested.

But the chief minister, Mamata Banerjee, also raised some hackles by half-jokingly suggesting that people should “smoke more” in order to increase the coffers of the special fund she has set up for the duped investors. Read more.........Smoke More So We Can Quickly Raise Revenue Through Higher Cigarette Tax: Indian Chief Minister
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