Tax on Tobacco Leaves Leads to Growing Imports of Stem and Root Extracts

SEJONG, Aug. 22 (Korea Bizwire) — Under current laws, the amount of taxable imports of tobacco leaf extracts decreased while non-taxable imports, such as stem-and-root extraction surged after special consumption tax targets for cigarettes manufactured with “leaves” were introduced at the beginning of the year. Analysts said that the government needs to consider including “stems” [...]