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
City of London Police knock 2,000 counterfeit good sites offline
The City of London Police has shut down 2,000 websites selling fake luxury goods...
Fake products of Louis Vuitton brands seized by Mumbai Police in Lokhandwala
On Friday, the Oshiwara police along with Enforcers of Intellectual Property...
Scant evidence EU tobacco deal curbed smuggling
Brussels - According to the Commission, EU member states reported that they...
Bengaluru: Smuggling of currency, gold via Kempegowda International Airport shoots up; seven attempts in January
BENGALURU: February arrived with Customs sleuths at Kempegowda International...