Prohibition by Price

The Deduction

English - September 19, 2023 08:00 - 18 minutes - 12.9 MB - ★★★ - 1 rating
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Previous Episode: The Inflation Reduction Act One Year Later

Next Episode: Economic Education Month and TaxEDU

Step into the shadows of illicit trade where taxation, incentives, and criminal networks intersect to fuel the lucrative cigarette smuggling market.

Adam Hoffer, the Director of Excise Tax Policy, joins Kyle Hulehan to shed light on how substantial price markups on legal cigarettes pave the way for tempting tax avoidance opportunities. They unravel the unintended consequences of cigarette taxation and explore strategies to combat this burgeoning illicit trade

Links:

https://taxfoundation.org/blog/illicit-trade-taxes-counterfeit-cigarettes/

https://taxfoundation.org/blog/california-flavored-tobacco-ban-revenue/

https://taxfoundation.org/blog/new-york-cigarette-tax-flavor-ban/

https://taxfoundation.org/data/all/state/cigarette-taxes-cigarette-smuggling-2022/

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Prohibition by Price

The Deduction

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