A radical set of new anti-smoking measures is set to bring New Zealand close to a de facto prohibition on smoking. But with the black market rearing its head, what is the real cost of this crackdown for taxpayers, businesses and the economy?

A major new analysis of Ayesha Verrall's Smoked Tobacco Amendment outlines $1.3 billion in new costs, and argues the legislation is "largely, if not entirely, redundant".

This week on Taxpayer Talk, Taxpayers' Union spokesman for lifestyle economics Louis Houlbrooke is joined by Phil Barry, a director of TDB Advisory who worked with Infometrics to produce the new report.

You can read the full analysis of the Smoked Tobacco Amendment here.

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