
Higher cigarette taxes boon to organised crime
Higher taxes aren’t generally a path to economic growth and job creation. Higher cigarette taxes, however, are increasingly boosting at least one sector of the economy, organized crime.
‘Smuggled cigarettes have become the new currency of organized crime, and a lot of these criminal organizations are finding that it’s more profitable than illegal narcotics,’ Rich Marianos, the retired Assistant Director of the Bureau of Alcohol, Tobacco and Firearms, recently noted.
Marianos said that black market tobacco smuggling has become “a high-profit, low-risk criminal enterprise. Compared to drug offenses where there’s a mandatory minimum sentence, there’s no penalties out there for the cigarette trafficker.”
http://www.breitbart.com/Big-Government/2014/08/20/Higher-Cigarette-Taxes-Boon-to-Organized-Crime
Related Posts
4 Kashmiri men held at airport for smuggling Indian currency
Four Kashmiri men were arrested by the customs officials, in coordination with...
Mumbai Crime News: Trombay Police Bust ₹95,500 Fake Currency Racket, One Arrested
Mumbai: In a significant crackdown on counterfeit currency circulation, the...
Reynolds American-Sponsored Website Looks at ‘New Tobacco Road’
Site designed to raise awareness of black-market cigarette trade ...
Man held for selling banned e-cigarettes, stock worth ₹2.52 lakh seized
A 20-year-old man was arrested for illegally selling banned electronic nicotine...


