Ohio’s cigarette tax proposal would light up a black market
Cigarette smugglers, or “buttleggers,” will “load up a U-Haul” with cigarettes from a low-tax state and re-sell them in higher-tax states. The practice is little-known but highly lucrative—the Bureau of Alcohol, Tobacco, and Firearms estimates that smugglers can net up to $4 million from a single truckload. As states increase their cigarette taxes, they also incentivize this black market activity.
http://watchdog.org/222601/ohios-cigarette-tax-proposal-light-black-market/
Related Posts
Luxury cars, watches seized over alleged USD 650 million Covid-19 fraud
After getting hold of some 600 million Euros in funds from the Italian National...
Gujarat fake currency racket busted: Rs 40 Lakh fake notes seized, kingpin on the run
AHMEDABAD: In a late-night raid, Banaskantha Police’s Local Crime Branch (LCB)...
North East family gang smuggling £750,000 of tobacco sentenced
A gang of North East smugglers, including four members of the same family, has...
Man arrested and ‘counterfeit’ cigarettes seized in Ramsgate.
A 39-year-old man wanted on suspicion of malicious communications was arrested in...


