
Higher cigarette taxes boon to organised crime
Higher taxes aren’t generally a path to economic growth and job creation. Higher cigarette taxes, however, are increasingly boosting at least one sector of the economy, organized crime.
‘Smuggled cigarettes have become the new currency of organized crime, and a lot of these criminal organizations are finding that it’s more profitable than illegal narcotics,’ Rich Marianos, the retired Assistant Director of the Bureau of Alcohol, Tobacco and Firearms, recently noted.
Marianos said that black market tobacco smuggling has become “a high-profit, low-risk criminal enterprise. Compared to drug offenses where there’s a mandatory minimum sentence, there’s no penalties out there for the cigarette trafficker.”
http://www.breitbart.com/Big-Government/2014/08/20/Higher-Cigarette-Taxes-Boon-to-Organized-Crime
Related Posts
Assam: Karbi Anglong Police seized Contraband cigarettes in Khatkhati; two held
Bokajan: In a major development, Police in Karbi Anglong seized over 30,000 box...
Goa: Goods worth Rs 25 lakh seized as cops bust interstate burglary racket
Pernem police has busted an interstate burglary racket with arrest of two persons...
Mumbai: DRI busts ₹32 crore gold import racket
The Directorate of Revenue Intelligence (DRI) busted a gold import racket and...
Confidence Reigns, Counterfeit Consumer Electronics Continue to Fool Consumers
Canon U.S.A., Inc., a leader in digital imaging solutions, will unveil today the...

