Extras on excise: virginia is part of the cigarette smuggling problem, but also part of the solution?
Due to having one of the lowest state excise taxes for cigarettes—$0.30 for a pack of 20 cigarettes—Virginia is a very popular source for smugglers who purchase large quantities of cigarettes and then sell them illegally in states with higher taxes. The Commonwealth, however, is aware this problem exists and is looking for solutions. The Bureau of Alcohol, Tobacco, Firearms and Explosives has found that cigarette smuggling leads to federal and state revenue losses of between $7 and $10 billion annually, as previously reported by Bloomberg News.
http://www.bna.com/extras-excise-virginia-b17179921799/
Related Posts
Frenchwoman who sold ‘fake magic cheese’ for luxury cosmetics goes on trial
A Frenchwoman went on trial on Monday for allegedly conning thousands of Chileans...
Indore: Four traders of Ranipura Market arrested for selling fake cosmetic products
Indore: Four traders of Ranipura Market were nabbed selling fake cosmetic...
Countering counterfeiting
THIRUVANANTHAPURAM: In a bid to generate awareness about the growing menace of...
Counterfeit & smuggling invisible threat to economy, caused over Rs 39,000 crore loss
HYDERABAD: Federation of Indian Chambers of Commerce and Industry (FICCI)...