
Cigarette Smuggling vs. Tobacco Taxes: Which Is Worse?
Rampant cigarette smuggling isn’t the problem in New York–“sky-high” tobacco taxes are, according to an op-ed by Patrick M. Gleason, director of state affairs at Americans for Tax Reform, in The Wall Street Journal.
Gleason’s opinion piece, titled “A Laffer Curve for Smokes,” digested here, takes the city and state of New York to task for their $180-million lawsuit against UPS over what officials allege was unlawful delivery of nearly 700,000 cartons of cigarettes. (A Laffer curve, named for economist Arthur Laffer, shows the relationship between rates of taxation and levels of government revenue.)
Related Posts
How the government’s gold policies make India’s neighbours richer and this country itself poorer
In 2013, the UPA government imposed a 10 percent import duty on gold. P...
Woman jailed for smuggling 3m illicit cigarettes into UK
A London woman who smuggled three million illicit cigarettes into the UK using...
Anti-counterfeit Food Packaging Market is Expected to Reach $62.5 Billion, Globally, by 2020 – Allied Market Research
A new report by Allied Market Research, titled, "Global Anti-counterfeit Food...
21 kg gold, other items worth Rs 13.80 cr seized at Mumbai airport in 1 week; 9 passengers held
The Customs department has seized 20.95 kg of gold valued Rs 13.57 crore and Rs...