Illegal tobacco industry flourishing in Australia as government hikes taxes

From: News.com.au

Emma Reynolds

THE tobacco tax hike sounds like an unimpeachable idea, but it’s fuelling a troubling illegal industry linked to organised crime.

***

INSIDE THE ILLEGAL INDUSTRY

As much as 14.3 per cent of tobacco consumed in Australia is bought through the black market, taking $1.4 billion out of the revenue earned from taxes each year.

***

‘CHEAP WHITES’ AND VIETNAMESE TEA

“Cheap whites” or “illicit whites”, notably the Manchester brand, are a growing feature of the market. These are products made legally in a factory with the approval of an overseas licensing authority, but that do not meet product standards in Australia.

Read Complete Article

Permalink

Leave a Reply

Your email address will not be published.

Please Answer: *