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
Gold worth₹4 cr. seized from eight passengers
Customs officials at the Chennai airport seized 9 kg of gold worth ₹4.5 crore...
Ahmedabad: Student held with Rs 1.98 lakh in fake notes
AHMEDABAD: The city crime branch on Monday busted a fake currency notes racket...
Opinion: It’s time to call a fake a fake.
The Indian automotive industry went through some tough times in the year 2019....
Coventry man sentenced for role in £600k illegal tobacco smuggling gang
A Coventry gang member has been sentenced for his role in an illegal tobacco...