
Taxing question of curbs on tobacco smuggling
GCC health ministers last month endorsed the call for a 100 per cent increase in customs duties on tobacco products.
There are two important issues related to imposing higher taxes on tobacco. The first is the need to avoid sudden, large tax rises that would lead to an increase in illicit trade. The other is that we must not let that illegal trade provide finance to organised crime groups and terrorist organisations.
http://www.thenational.ae/business/economy/taxing-question-of-curbs-on-tobacco-smuggling
Related Posts
OLAF-led operation seizes counterfeit goods and 130 million illicit cigarettes
More than 1.2 million counterfeit goods and 130 million cigarettes have seized...
This is real: Many goods in Chennai are fake
Chennai is becoming a city of fakes. While Mumbai and Delhi churn out spurious...
Ship captain fined €600 over discovery of three million ‘contraband cigarettes’ onboard
A court has fined the captain of a merchant ship €600 for submitting a false...
DRI busts gold smuggling racket; 4 held.
Sleuths of the Directorate of Revenue Intelligence have busted a gold smuggling...