(ANSA) - Treviso, November 4 - The International Tobacco
Agency (ITA) based in Carbonera, near Treviso, announced Monday
it would freeze a planned 140 new hires over the next three
years due to new taxes on cigarette rolling papers and filters
included in the 2020 Italian budget bill.
ITA CEO Marco Fabbrini said 14% of the company's nearly 50
million euros in annual revenue comes from rolling papers.
The company currently employs 280 people.
Firm halts hires over rolling-paper tax
Budget bill includes tax on papers and filters