
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
Nissan drives $283m-worth of fake parts off the market
A four-year partnership between carmaker Nissan and MarkMonitor has resulted in...
Dubai Customs recycles 48,000 counterfeit items in Q1 of 2020.
Dubai Customs destroyed 48,000 counterfeit items as part of its efforts to combat...
Cross-border raids target gangsters in £110m cigarettes racket
Twelve tonnes of raw tobacco, two million cigarettes, £50,000 in cash and a...
Liquor smuggling ring unearthed in Zirakpur; 1,601 cartons of imported beer seized
An excise official said the gang smuggled liquor from Spain and Romania and...


