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
RPF seizes illegal liquor in Asansol division
Operation Satark is a proactive initiative by the Railway Protection Force...
Guntur CGST officials seize illegal cigarettes worth ₹3.4 crore
The anti-evasion officials of the Guntur CGST Commissionerate have seized...
Launch of Coalition against Illicit Trade (CAIT) to Fight Global Counterfeiting and Smuggling
Today marks the launch of the Coalition Against Illicit Trade (CAIT), a new...
SON To Prosecute Importers Of Fake Products
The StandardOrganisation of Nigeria (SON) has reiterated its determination to...