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
Rivera Customs Seizes $3 Million Contraband from Five Vichadero Businesses
Customs officials in Vichadero recently delivered a powerful blow against...
Tobacco taxes exacerbate street crime in Chicago neighborhoods
We all understand that the City of Chicago is in dire need of additional revenue;...
Dubai Customs foils smuggling attempt of 35m tramadol pills and 2.5 tons of powder tramadol
Dubai Customs officers have seized 35 million tramadol pills and 2.5 tons of...
10 million smuggled cigarettes haul would have cost taxpayer £2m in lost revenue
A huge haul of ten million cigarettes has been seized by Border Force officers at...

