Proposed Tobacco Tax Increase Will Simply Encourage More Smuggling
State legislatures across the country have piled on the tobacco taxes over the past decade. Not surprisingly, this has created a growing problem of tobacco smuggling. As the tax rate rises, it encourages people to buy products from low-tax states and sell them illegally in high-tax states.
New York is the most obvious example of this problem. The Empire State has a tax rate of $4.35/pack, far higher than most other states. As a result, an estimated 57% of all cigarettes sold in New York are brought in by smugglers.
http://oregoncatalyst.com/30079-proposed-tobacco-tax-increase-simply-encourage-smuggling.html
Related Posts
Anti-Counterfeit Packaging Ma
Anti-Counterfeit Packaging Market by Technology (RFID, Barcode, Hologram,...
Adulterated ghee, sweets worth Rs 9 lakh seized from Gujarat’s Banaskantha
According to FDCA, the bags containing prepared sweets did not have any labels...
More than 9 kg gold seized in Bengaluru’s Kempegowda International Airport
In two separate incidents, a total of 9 kg of gold was seized in Bengaluru...
VZM police arrest two in fake currency note racket
Visakhapatnam: Vizianagaram town police said they busted a counterfeit currency...


