Highly-Taxed Europe Flooded With 53 Billion Illegal Cigarettes
Europe consumed 53 billion illegal cigarettes in 2015, causing almost $13 billion in tax revenue to go up in smoke, according to a KPMG report released Wednesday.
The number of illegal cigarettes smoked in the European Union (EU) exceeds the entire legal market in Spain and accounts for one in 10 cigarettes smoked in the EU, says the report.
Although cigarette smuggling in the EU is still running at industrial like levels, the volume has actually declined a little from 2014 thanks to law enforcement activities and increasing growth of the EU economy.
http://dailycaller.com/2016/06/09/highly-taxed-europe-flooded-with-53-billion-illegal-cigarettes/
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