
One in ten cigarettes contraband, say Southampton researchers at BAT
A report commissioned by tobacco firms including BAT, still one of Southampton’s largest employers, has found that 16 per cent of cigarettes consumed in this country are either contraband or counterfeit (C&C).
As an earlier Royal United Services Institute (RUSI) report On Tap stated, organised criminals see the illegal tobacco trade as “low-risk, high-reward crime”. The overall volume of illegal cigarettes consumed in the UK during 2015 increased by more than six per cent to 6.7 billion cigarettes – the second highest increase in the EU according to the report compiled by accountancy firm KPMG.
If these black market cigarettes had been consumed legally it would have raised an additional tax revenue of 2.8 billion Euros (£2.2 billion) in the UK. Across the EU the loss of tax revenue amounted to 1.3 billion Euros.
http://www.dailyecho.co.uk/news/14681057.One_in_ten_cigarettes_contraband__say_city_researchers/
Related Posts
Barring the way of fake drugs
In order to highlight the magnitude of illicit trade activities such as...
Newport raid nets haul of ‘illegal’ drink and cigarettes
RAID seizing thousands of cigarettes and hundreds of litres of alcohol took place...
Did IAF’s ‘US-made’ C-130J Super Hercules that crashed have fake Chinese parts?
India has plans to buys six more C-130J Super Hercules to augment its transport...
Alibaba Warned by U.S. to Combat Sales of Counterfeit Products
Alibaba Holding Group Ltd. has to do a better job of fighting the sale of...

