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
Iran Breaks Major Silver-Smuggling Ring
TEHRAN (Tasnim) – Iran’s Police have smashed a huge ring smuggling silver...
DRI Seizes 45,984 E-Cigarettes Worth Rs 10.42 Crore at Tuticorin Port, Arrests Three
DRI officers have seized 45,984 e-cigarettes worth Rs 10.42 crore at Tuticorin...
More than seven million contraband cigarettes seized from overturned tractor trailer: RCMP
The RCMP says that more than seven million contraband cigarettes were seized...
Foreign currency worth Rs1.72 crore seized at Mumbai airport, three arrested
Jordan shoes shipped from China. Customs officials said the 400 pairs of...




