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Philip Morris Asia Limited, which is based in Hong Kong and owns the Australian affiliate Philip Morris Limited, filed a notice of claim in an Australian court in June arguing the legislation violates a bilateral investment treaty between Australia and Hong Kong

Walsh: I was obsessive-compulsive, and I probably had a little splash of Aspergers in there, but in those days, in 1953, you were just a difficult kid

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Elasticities matter Does this mean that taxes are not, in fact, negative incentives

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Results suggest that introducing plain packaging would: reduce the attractiveness and appeal of tobacco products