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
Fake products boom in Saudi Arabia’s markets
Long gone are the days when the Saudi market was full of high-quality electronics...
Beer, liquor and cigarettes worth millions seized in Sarawak’s biggest smuggling bust
SIBU: Millions of ringgit worth of beer, liquor and cigarettes have been seized...
Missouri company pleads guilty to importing $1.8 million in products with counterfeit safety labels
SPRINGFIELD, Mo. – A Missouri company pleaded guilty in federal court Monday to...
Fake cigarettes cause OMR3.5m loss to country
Smuggling of counterfeit cigarettes leads to a revenue loss of nearly OMR3.5...