Illegal Cigarettes Market Causes USD 20-40 B Losses

Business | June 29, 2009, Monday // 12:49
Bulgaria Illegal Cigarettes Market Causes USD 20-40 B Losses: Illegal Cigarettes Market Causes USD 20-40 B Losses About 660 billion cigarettes are being sold by smugglers, forgers, and people who are hiding taxes. FIle photo

The illegal cigarettes market causes to governments worldwide losses between USD 20 B and USD 40 B of non-paid taxes.

This was announced by the tobacco giant, British American Tobacco, the Pari Daily reported.

About 660 billion cigarettes are being sold by smugglers, forgers, and people who are hiding taxes.

This amount of cigarettes, if put in pack of 20 cigarettes each, will be enough to go around the Earth sixty times, or cover the distance between the Earth and the Moon four times, the company commented.

British American Tobacco announced that it would back the protocol of the World Health Organization (WHO) for counteracting the illegal cigarettes trade.

The protocol aims to solve this problem throughout a better international coordination and joint legislation.

 

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Tags: British American Tobacco, cigarettes, smoking

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