Yesmoke’s "Lobby"

Yesmoke, the Piemonte Company that would like to compete with Philip Morris ,according to Italy’s daily newspaper “Libero”, has a lobby. The article, dated October 28th, is by the newspaper’s assistant editor, Franco Bechis, the title: «Barbato, il Dipietrista* che alla Camera fa il lobbista del tabacco» (Barbato, Di Pietro’s man, who in the Chamber is the lobbyist of tobacco).

As if it were the battle of his lifetime - writes Bechis – Barbato has asked the government to eliminate the regulatory barriers that prevent Yesmoke from extending its presence in Italy and that oblige the company to sell its production almost entirely abroad“. Read more »

“I Don’t Serve the Multinationals” – But There Is the Tobacco Test

Mario Monti

Mario Monti, the new Italian Prime Minister: servant of the multinationals as some malicious people say, or the ”Saddam Hussein of Business” as the Economist has called him?

«It’s not a question of strong powers; let me reassure you totally …when I was the European Antitrust Commissioner in Brussels, I was not a devoted and disciplined server of the multinationals; I fought against big American companies, in spite of the intervention of the president of the United States … The Economist has written that the American business world considers me the Saddam Hussein of business”. These are the words of Mario Monti, the new president of the Council of Ministers of Italy, addressing the Senate.

To understand who Mario Monti is, we won’t need to observe the strong powers, the Bilderberg Group, the Trilateral Commission or Goldman Sachs; all we need to do is to watch the Italian market of processed tobacco. It is unlikely that the new Saddam Hussein will dare to stand up against the big boss Philip Morris (who put its man Marchionne at the head of Fiat) and its two cronies of the sector, all “exempted” from paying taxes in Italy. Read more »

The Tax Evasion of Big Tobacco in Italy – Balances Attached

Parassita della societàThe tobacco market of the Italian boot is the richest in Europe. Last year cigarette manufacturers divided up a turnover of 2 billion 800 million euro... But how much tax do you think they paid on it?

Today in Italy, 99% of the brands sold belong to three foreign companies that have transferred all of their production abroad and, with various accounting tricks, they no longer pay taxes in Italy.

Philip Morris Italia S.r.l. – According to the latest balance, from a turnover of 1 billion and 463 million euro, Philip Morris declared only 22 million 515 thousand euro of profits. How did they do this? Read more »

Cigarette Taxes in Italy – Lobbyists Unleashed

Alberto Giorgetti“An increase in fiscal pressure would push consumers towards the illegal market, because only a policy of gradual increases of the list prices and the capillary distribution system have enabled us to keep smuggling under control”. These are the words of the undersecretary of the Economy Alberto Giorgetti, speaking at the round table «Verso una regolamentazione bilanciata del settore tabacco» (Towards a Balanced Regulation of the Tobacco Sector) held on last October 13th. The meeting was promoted by the Industry, Commerce and Tourist Commission of the Senate, and funded, it is worth noting, by the “friends” of British American Tobacco.

The “gradual increases”, according to Onorevole Giorgetti, would be those implemented by the tobacco manufacturers when they decide to raise their prices and earn more; this is not to be confused with an increase of the tax pressure. And the “capillary distribution system” he refers to is nothing more than the tobacco shops. Read more »

Yesmoke – The «Anti-Big Tobacco» Cigarette – Full Speed Ahead

Lenin urla: Yesmoke!Today there is a cigarette factory in Italy that is working at top speed, 24 hours a day, 7 days a week. It is hiring new workers, buying new machinery and planning new production plants. Yesmoke is growing slowly in Italy, where Philip Morris, British American Tobacco and Japan Tobacco dictate the rules of the market, but orders arriving from all over the world that have already saturated the plant’s capacity, demonstrate the unlimited possibilities of the «anti-Big Tobacco» cigarette.

As soon as Yesmoke cigarettes came onto the market, growth began that has been almost exponential, an inexhaustible goldmine. But the world is big and Yesmoke is still little, so the Turin Company has already been forced to turn down orders. First Holland, then the Balkans, Iraq and North Africa. In the past months the airport duty-free shops in South Korea and Northern Europe have made requests. There is even a lot of interest in the USA where, in spite of the conflict with Philip Morris and the court sentences in favor of Big Tobacco, Yesmokes can be imported and sold freely by American companies. Read more »

The Market: Fiat Down, Marchionne Up (with Philip Morris)

Sergio Marchionne

Sergio Marchionne, Philip Morris man at the head of Fiat

Fiat stock values are falling but Marchionne’s are rising, with cigarettes, those of Philip Morris. The CEO of the Lingotto is a member of the board of Big Tobacco, and he is also a stockholder. He invests in Philip Morris stocks but not in those of FIAT.

If the quotation of the Turin auto maker has dropped to almost half since the beginning of the year, Philip Morris stocks have risen and its future prospects are promising.

Marchionne has not purchased stocks of the company he directs since 2006. He has not done so even in this period, when the quotations are in free-fall. Other company directors, on the other hand, have taken advantage of the lower prices to buy stock in their companies, like Corrado Passera of Intesa, Paolo Scaroni of ENI, ENEL’s Fulvio Conti and Giovanni Perissinotto of Generali. Read more »

USA: Camels and Winstons Fight the New Health Warnings

Warning: cigarettes are addictive

Five American manufacturers: RJ Reynolds Tobacco that produces Camels and Winstons in the US, Lorillard Tobacco that makes Trues and Newports, the most popular cigarette among Afro-Americans, Commonwealth Brands, Liggett Group and Santa Fe Natural Tobacco, are actively opposing the obligation, scheduled to come into effect next year in September, to print on their cigarette packs shock pictures depicting the damage of smoking.

In June, the Food and Drug Administration, the government body that handles the regulation of food and pharmaceutical products, disclosed the pictures, among which a lifeless corpse, a disfigured mouth and a blackened lung. These will have to take up 50% of the front and rear faces of all the cigarette packs sold in the United States as well as 20% of the advertising messages. Read more »

Iceland – Cigarettes Are to Be Sold only in Pharmacies

Tobacco pharmacyAfter the bans on smoking in the open air already introduced in many countries, it is Iceland’s turn. The Reykjavik Parliament is considering banning cigarettes from shops and allowing their sale only in pharmacies. People over 20 years old could soon be the only persons authorized to buy a packet of cigarettes, but only if they have a doctor’s prescription. Read more »

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