
Cigarette Smuggling vs. Tobacco Taxes: Which Is Worse?
Rampant cigarette smuggling isn’t the problem in New York–“sky-high” tobacco taxes are, according to an op-ed by Patrick M. Gleason, director of state affairs at Americans for Tax Reform, in The Wall Street Journal.
Gleason’s opinion piece, titled “A Laffer Curve for Smokes,” digested here, takes the city and state of New York to task for their $180-million lawsuit against UPS over what officials allege was unlawful delivery of nearly 700,000 cartons of cigarettes. (A Laffer curve, named for economist Arthur Laffer, shows the relationship between rates of taxation and levels of government revenue.)
Related Posts
33-year-old held with counterfeit currency in Tanakpur
Pithoragarh: A 33-year-old man, identified as Sitarganj-resident Mukhtar Ali, was...
As taxes on cigarettes rise, smokers turn to counterfeits
Punitive taxation on cigarettes and extreme tobacco control regulations have...
Showroom shut over fake goods
The Ministry of Economy and Commerce has shut down an electrical goods showroom...
Ahmedabad: Student held with Rs 1.98 lakh in fake notes
AHMEDABAD: The city crime branch on Monday busted a fake currency notes racket...