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
Fake Ecommerce Website Racket Busted, Two Arrested For Defrauding Users Of INR 60 Lakh
The Delhi Police has reportedly busted a pan-India racket that duped users of INR...
Assam Rifles seized contraband cigarettes in Mizoram
CHAMPHAI: In yet another success in its crusade against smuggling activities, the...
P500M worth of smuggled goods seized in Tondo raid
MANILA, Philippines—Police seized about P500 million worth of smuggled goods in a...
Customs seize RM1.65m worth of illicit cigarettes in Tawau
TAWAU, May 23 ― The Royal Malaysian Customs Department (JKDM) seized RM1.65...