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
Chinese anti-counterfeit company lists in Australia
Chinese covert tracer company YPB Group will shortly list on the Australian...
Mumbai Police Seize 1,000 E-Cigarettes Worth Rs 30 Lakh from Local Shop
Mumbai: In a significant operation, the Mumbai police have seized 1,000...
Conditional sales of controlled goods: 164kg of cooking oil seized from Perak shop
The Perak branch of the Domestic Trade and Cost Living Ministry (KPDN) seized...
GST officials seize cigarettes, dishwash soaps
Guntur: In a significant crackdown on tax evasion and the illicit trade of...



