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
Kolkata: Gang busted for oximeter scam
Kolkata: In the course of a raid conducted by the Enforcement Branch, a gang was...
BAT fined for oversupplying tobacco in low-tax European jurisdictions
£650,000 penalty from HMRC reflects growing concern that surplus is finding its...
How to Spot Counterfeit Beauty Products
The latest in beauty news has many a gal freaking out about what’s really lurking...
Manitoba seizes nearly 10K contraband cigarettes after inspecting 15 Winnipeg stores
WINNIPEG - Manitoba Finance’s special investigations unit (SIU) seized nearly...