Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

A proposed section in the U.S. House of Representatives version of the One Big Beautiful Bill (OBBB) would impose a 3.5 percent excise tax on a remittance of money. This proposal has wide-ranging ...

Excise taxes generate more than two trillion dollars worldwide each year. How should governments most effectively use that revenue? Excise taxAn excise tax is a tax imposed on a specific good or ...

A couple of years ago we posted an overview of state licensing and excise tax considerations for tobacco companies. In this post, we take a closer look at state excise tax considerations. When ...

Excise taxes are regressive, comprising a larger portion of the budgets of lower-income households than higher-income households. Cigarette taxes are the most regressive excise tax, while excise taxes ...

This interim guidance may be relied upon until regulations addressing the provision are issued. It is expected that the regulations will closely follow the definitions and rules in the notice. The ...