How tobacco tax spikes could trigger smuggling
Dubai: Abrupt tax spikes on tobacco products will stimulate the illicit counterfeited tobacco trade which, in turn, is linked to other activities of organised crime and terrorism, speakers of the fifth Middle East and North Africa conference on ‘Combating Illicit Trade and Tax Engagement’ said yesterday.The annual conference, held at the JW Marriott Marquis, was hosted by British American Tobacco (BAT).
International experts and analysts gathered to discuss and review case studies on the tobacco black market trade. The conference also covered taxation-related issues and provided insights into the best practices in adopting sensible tax policy regimes.
Related Posts
Assam Rifles seizes smuggled foreign cigarettes worth Rs1.95 cr in Tripura’s Khowai
Khowai (Tripura) , March 15 (ANI): In a major crackdown on smuggling in the...
HOMAI re-launched as ASPA, resolves to fight counterfeiting
Hologram Manufacturers Association of India (HOMAI), which was founded in 1998 to...
Uttar Pradesh: Gold smugglers held after hot chase by Directorate of Revenue Intelligence
LUCKNOW: Two SUVs ferrying smugglers carrying 77 gold bars weighing about nine kg...
Police could struggle to cope with counterfeit cigarettes, warn ex-cops
In the letter, the group of former police officers warns that they are concerned...