Michael LaFaive and Todd Nesbit: R.I. set to lose tobacco revenue
The Rhode Island General Assembly is working toward a budget vote that may — among other things — raise excise taxes on cigarettes by 25 cents per pack. The increase will prove counterproductive from both a revenue and public health standpoint.
We first estimated a statistical model in 2008 to measure the degree to which cigarettes are smuggled. It covers most American states and has since been updated with tax and population changes through 2013. Our model tells us that through 2013 Rhode Island’s total smuggling rate is almost 32 percent of the total cigarette market.
http://www.providencejournal.com/article/20150508/OPINION/150509392/2011
Related Posts
TechNavio Says Growth of the Healthcare Industry Expected to Impact the Global Anti-counterfeit Packaging Market by 2019
The Global Anti-counterfeit Packaging Market is expected to grow at a CAGR of...
US airmen, Border Force members allegedly join crime gangs involved in smuggling
Sydney-based US Air Force personnel, Australian Border Force officials and...
Maha: Five held for smuggling liquor in Thane district
Five persons have been arrested in Maharashtra''s Thane district for allegedly...
Rs. 7.5 crore worth of cigarettes seized
Foreign branded cigarettes worth nearly Rs. 7.5 crore were seized by the...