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
Feds seize suspected counterfeit sports gear at Meridian Mall
·A team of federal agents made a “significant seizure” of suspected counterfeit...
Mumbai Crime: Businessman nabbed in foreign cigarette smuggling case
The Directorate of Revenue Intelligence (DRI) on Thursday arrested entrepreneur...
$1.64 million in counterfeit currency seized by Customs this year at O’Hare
Customs agents have seized more than $1 million in counterfeit currency so far...
Fake cigarette unit busted in Telangana, one held
HYDERABAD: Task Force sleuths have busted a duplicate cigarette manufacturing...


