Ohio’s cigarette tax proposal would light up a black market
Cigarette smugglers, or “buttleggers,” will “load up a U-Haul” with cigarettes from a low-tax state and re-sell them in higher-tax states. The practice is little-known but highly lucrative—the Bureau of Alcohol, Tobacco, and Firearms estimates that smugglers can net up to $4 million from a single truckload. As states increase their cigarette taxes, they also incentivize this black market activity.
http://watchdog.org/222601/ohios-cigarette-tax-proposal-light-black-market/
Related Posts
Gucci wins $144 million in US counterfeit trial
New York City — Gucci on Thursday welcomed a US court's decision to award the...
B42m pirated goods seized at Patong shopping street.
27, October 2018 l Bangkok Post PHUKET: More than 300,000 items of counterfeit...
P500M worth of smuggled goods seized in Tondo raid
MANILA, Philippines—Police seized about P500 million worth of smuggled goods in a...
Smuggling a ‘national disease’
Tin, who was speaking at a forum organised by the Government's web portal, said...