Big tobacco costing us millions

Australia has succeeded in getting the case split into two. The first part will decide whether Philip Morris Asia has a right to bring the case.
Philip Morris Asia bought Philip Morris Australia Limited in early 2011 as the plain packaging legislation was being prepared. Australia is arguing this means it can't claim that the law hurt it, because it bought the company "in full knowledge" of Australia's intentions.


Read more: http://www.smh.com.au/federal-politics/political-news/australia-faces-50m-legal-bill-in-cigarette-plain-packaging-fight-with-philip-morris-20150728-gim4xo.html#ixzz3hB1jevwR

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Imagine you were about to buy a property and were advised that in two years time, a major freeway would be built two hundred metres away, greatly diminishing the value of your purchase. Then imagine you went ahead anyway, the freeway was built, and your property value went down as expected. You took the person who sold you the property and the government who built the freeway to court, seeking compensation.

Fools and their money are easily parted.

This is, in effect, what the tobacco transnational Philip Morris has done with Australia’s plain tobacco packaging laws, fully implemented in December 2012, when it started legal proceedings against the Australian government under a bilateral trade agreement between Hong Kong and Australia signed in 1993. The arrogant claim being made is that our plain packaging law breaches the agreement between the government of Hong Kong and the government of Australia for the promotion and protection of investments.

The Rudd government announced plain packaging on April 29, 2010. At that time, Philip Morris tobacco products in Australia were manufactured by Philip Morris Australia. On February 23, 2011, Philip Morris Asia purchased Philip Morris Australia and on June 27, 2011 – a full 14 months after knowing the government intended to introduce plain packs – Philip Morris Asia served its notice of claim to the Australian government.

http://theconversation.com/australian-governments-50m-investment-in-defending-against-big-tobacco-legal-thuggery-45427

Why is everyone complaining about smoking? it creates so many jobs right across the board, Hospitals, medical staff, shop staff etc. finally undertakers, unfortunately these days the permanent burial plot has gone up in smoke.

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