First report 2h ago•Last update 2h ago
Black market cigarettes costing Canadian governments billions in lost tax revenue
A significant black market for cigarettes is causing billions in lost tax revenue for federal and provincial governments in Canada, as legal sales decline due to high excise taxes.
Background
Canada has long grappled with a substantial black market for tobacco products, driven by high excise taxes aimed at reducing smoking rates. This illicit trade diverts significant tax revenue from federal and provincial governments, impacting public services and health initiatives. Efforts to combat this issue involve various law enforcement agencies and policy adjustments.
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Black market cigarettes costing Canadian governments billions in lost tax revenue
First report 13h agoLast update 13h ago1 takes▼ 1
tax revenue lossnegativeShow 1 post
started 13h ago•Last update 13h ago
High taxes on legal cigarettes have fueled a black market, resulting in substantial tax revenue losses for governments.
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