New publication in Ekonomichna Pravda: how to minimize the shadow market in vaping
VARES: πͺπΊ The EU shows that rules can bring the market into the open or push it into the shadows. Ukraine is now making a choice βοΈ
Briefly:
π« Strict bans and high excise taxes push business into the illegal - examples of Greece and partially Germany.
β
Liberal approaches (Britain) make it possible to legalize the market and reduce the harm from smoking.
πΊπ¦ In Ukraine today, a disproportionately high excise tax and a large share of the shadow market are risks for the budget πΈ and consumer safety β οΈ
VARES calls for stable, transparent and balanced rules: moderate taxes π°, accessible registration ποΈ, consumer protection π‘ β so as not to give the market to smugglers.
Strategy or chaos β the choice depends on the state. πΊπ¦