Cuba's new import tax rate; 9.10% to 27%

[CigarGavin]

So looks like Cuba's status as a country has been updated to that,of a developed country next year (good thing) but over the next two years the tax rate will jump from 9.10% to 27%. Only a 4% increase in 2014 with the brunt being felt in 2015 but either way looks like prices worldwide will be jumping...... again.

 

[mwlabel]

Looks like I'll be naming 2014 "The Year of the CCs."

 

[Angry Bill]

Just another excuse for them to keep raising the prices anyways, lol. But that is a hefty tax. Good thing they are illegal here. :devil:

 

[CigarGavin]

Just another excuse for them to keep raising the prices anyways, lol. But that is a hefty tax. Good thing they are illegal here. :devil:

Yes. This is good. No one in the states will be affected by this tax... because we are already taxed enough on the cigars we can smoke

 

[Angry Bill]

Just another excuse for them to keep raising the prices anyways, lol. But that is a hefty tax. Good thing they are illegal here. :devil:

Yes. This is good. No one in the states will be affected by this tax... because we are already taxed enough on the cigars we can smoke

Yep about 41% here in So California

 

[CigarGavin]

Just another excuse for them to keep raising the prices anyways, lol. But that is a hefty tax. Good thing they are illegal here. :devil:

Yes. This is good. No one in the states will be affected by this tax... because we are already taxed enough on the cigars we can smoke

Yep about 41% here in So California

38% plus 10% sales tax in Chicago yay!

 

[stin187]

looks like I can add another reason to the list of why to stock up this coming year!

 

[milo]

This is an EU tax and should only affect EU vendors that do not sell duty-free. Hopefully, others will not take advantage of the situation.

 

[halel]

So what you're saying is that I should buy my boxes now...?

 

[CigarGavin]

This is an EU tax and should only affect EU vendors that do not sell duty-free. Hopefully, others will not take advantage of the situation.

Same thing happened a few years ago and everyone raised the prices. This will happen again, and then the Regional editions from europe will climb even higher...

 

[CigarGavin]

So what you're saying is that I should buy my boxes now...?

No don't try to purchase illegal items.... not worth it brother.

Rocky Patel, apple pie, cheddar cheese.

 

[MoJo]

I thought it was funny that they tried to go the "its an increase of 15%, but because we are good guys and we like you, were only rasing 4% this year. See! now dont you feel good about a 4% increase!" Like others have said, this will not effect all vendors and hopefully those vendors do not use this as an excuse to increase their profits

 

[cvm4]

For a good return, currently a $2.58 dividend or a 4.8% yield, I'd hit up the ADR for IMT. Since Imperial Tobacco owns Altadis which owns 50% of Habanos SA. But, obviously that's just one subsidiary of a broadly diverse tobacco brand. So, I have no clue if any of this will translate to the bottom line of the company :grin:

 

[Skitalets]

Same thing happened a few years ago and everyone raised the prices. This will happen again, and then the Regional editions from europe will climb even higher...

A few years ago the significant price increase came from HSA and was indeed worldwide. This is a change in the EU tax regime and HSA is actually planning to eat much of it next year via a cut in the wholesale prices to European distributors. The effect on non-EU channels shouldn't be significant.

 

[Jfire]

Same thing happened a few years ago and everyone raised the prices. This will happen again, and then the Regional editions from europe will climb even higher...

A few years ago the significant price increase came from HSA and was indeed worldwide. This is a change in the EU tax regime and HSA is actually planning to eat much of it next year via a cut in the wholesale prices to European distributors. The effect on non-EU channels shouldn't be significant.

Yeah I don't see the other half of the world raising prices just to benefit from EU market price hikes. They still have to compete with each other for sales.

 

[Mickeymorris626]

Just another excuse for them to keep raising the prices anyways, lol. But that is a hefty tax. Good thing they are illegal here. :devil:

Yes. This is good. No one in the states will be affected by this tax... because we are already taxed enough on the cigars we can smoke

Yep about 41% here in So California

38% plus 10% sales tax in Chicago yay!

95% tax here in MN....yeah...

 

[wantacigar]

75% tobacco tax and a 8.65% sales tax here on Long Island in New York