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.
Two men arrested following raids in Catfield in investigation into £2.24 million tobacco smuggling fraud
Two men have been arrested by HM Revenue and Customs (HMRC) during raids linked...