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
Illicit tobacco trade costs Zambia more than K50 million per year
Government’s efforts to shore up the national budget and boost foreign reserves...
Counterfeit products: Alibaba ‘highly unlikely’ to take proactive steps to end grey/black market
Chinese e-commerce giant Alibaba is highly unlikely to take major steps to shut...
Gang selling fake Apple accessories busted, goods worth Rs 2,42cr seized
Hyderabad: Hyderabad Commissioner’s Task Force, Central Zone team along with...
23-yr-old auto-lifter held for smuggling banned medicines
His record and police dossier identify him as a notorious auto-lifter, but very...


