
Taxing question of curbs on tobacco smuggling
GCC health ministers last month endorsed the call for a 100 per cent increase in customs duties on tobacco products.
There are two important issues related to imposing higher taxes on tobacco. The first is the need to avoid sudden, large tax rises that would lead to an increase in illicit trade. The other is that we must not let that illegal trade provide finance to organised crime groups and terrorist organisations.
http://www.thenational.ae/business/economy/taxing-question-of-curbs-on-tobacco-smuggling
Related Posts
Hyderabad Gang Busted for Selling Fake Apple Mobile Accessories; ₹1.01 Crore Worth Property Seized
Hyderabad: A gang involved in selling counterfeit mobile accessories under the...
Prescription drug wholesaler pleads guilty to smuggling counterfeit cancer drugs
The FDA recently reported that the owner of a Turkish drug wholesaler has pleaded...
Fake carbonated drinks seized
Taxila: The Punjab Food Authority (PFA) on Monday seized 1,100 litres of fake...
UN Diplomats Lived Large on Smuggled Tobacco
Flashy BMWs, a pristine villa in downtown Geneva, United Nations diplomatic...

