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
Counterfeit Drug Vending Poses Health Threats To Lives In PNG
Counterfeit products has become a platform of discussions but yet little has...
State’s tobacco revenues up in smoke
The doubling of tobacco taxes at the end of 2012 coupled with a hike of around 20...
Cigarette smugglers caught after high-speed chase in Limpopo
Police continue to crack down on illicit cigarette smugglers and traders as...
Manufacturers in pain as smugglers, counterfeiters have a field day
Nigerian manufacturers are writhing in pains arising from the activities of...