
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
Fake Watch Racket Busted, Mumbai Crime Branch Seizes 1 Cr Worth Goods.
The Mumbai Crime Branch on Monday busted a fake watch racket& has seized over...
Illegal Tobacco Trade Costing The Country Billions In Lost Taxes
The Portfolio Committee on Trade and Industry today heard that the government has...
Brief: Fake iPhone 6 handsets seized in US
iPhone 6US customs have seized fraudulent iPhone 6 handsets, even before the new...
The Growing Threat of Contraband Tobacco
In New York, a handful of federal and state officials are fighting a tough battle...


