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According to the state Department of Revenue, this new tax raised $169.3 million in calendar year 2024, and these revenues are recorded within our fiscal 2025 analysis based on our organizations longstanding practice
For the year ended 31 December 2025 2024 m m UK corporation tax current year tax expense 15 15 adjustments in respect of prior periods 2 9 Overseas tax current year tax expense 2,355 2,571 adjustments in respect of prior periods (296) 108 Current tax 2,076 2,703 Pillar Two income tax 82 79 Total current tax 2,158 2,782 Deferred tax (64) (2,425) Taxation on ordinary activities 2,094 357 Adjusting items in taxation 104 157 Taxation on adjusting items 240 2,049 Adjusted taxation (2,438) (2,563) Impact of translational foreign exchange (84) Adjusted taxation, translated at 2024 exchange rates (2,522) (2,563) Adjustments in respect of Canada1, translated at 2024 exchange rates 97 169 Adjusted taxation as adjusted for Canada, translated at 2024 exchange rates (2,425) (2,394) 1
The researchers argue that such herbal products should be subjected to the same rigorous health evaluations and regulatory scrutiny as conventional cigarettes.
