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With the Australian Taxation Office (ATO) estimating that one-fifth of tobacco sales are now illegal, some experts warn Australia has adopted a prohibition-style approach to tobacco control that is doomed to fail, and that the excise should be slashed to erode the incentives for illegal trade

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Tobacco companies aggressive coupon marketing tactics may reduce the likelihood that current smokers will quit, the organization said in a news release

PMIs first-quarter earnings fell over three per cent to $2.32bn, or $1.50 per share, and the firm also reduced its 2022 adjusted earnings per share to between $5.45 and $5.56 from between $6.12 and $6.30