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
Forest Gate man among trio arrested on suspicion of tobacco smuggling
A man from Forest Gate is among three arrested on suspicion of smuggling tobacco...
DRI busts a gold smuggling syndicate in Lucknow; six held with 10kg.
The arrested accused include two passengers, two ground staff members, the...
Greek Antiquities Among 3,500 Illegally Obtained Objects Confiscated.
International authorities confiscated over 3,500 illegally obtained antiquities...
EUBAM: stepping up the fight against cigarette smuggling through regional cooperation
Representatives from customs and law enforcement agencies of Belarus, Georgia and...