jdavidson Wrote:
May 08, 2012 4:03 PM
Common sense dictates that with price increases, smokers would be deterred from smoking. Instead, the increase in prices has been a boost for illicit tobacco trading. “What happened was that the market size did not shrink, but instead there was a heavy increase in the illicit trade of tobacco because there weren’t enough measures in place to safeguard the market from infiltration by illicit traders,” says Karim Refaat, Head of Corporate Affairs for North Africa at British American Tobacco (BAT). http://businesstodayegypt.com/news/display/article/artId:256/Tobacco-Taxes-A-Smuggler-s-Boon/secId:3