The federal budget has taken a nearly $7 billion hit in tobacco tax revenue due to the surge in black market cigarette sales.
The federal budget bottom line has been dealt an almost $7 billion blow in tobacco tax revenue, as black market cigarettes sales boom.
March 25, 2025
0 Comments
One thought on “The federal budget bottom line has been dealt an almost $7 billion blow in tobacco tax revenue, as black market cigarettes sales boom.”
Leave a Reply to audadmin Cancel reply
Explore More
So is getting routinely falsely accused of theft by robots at Woolies and Coles just a part of life now?
The Strange New Normal: Navigating False Theft Accusations by Automated Checkouts at Major Retailers In today’s fast-paced world, a new shopping experience has emerged at major retailers like Woolies and
My kitchen spider has welcomed in her new family 😬
My kitchen spider has just welcomed her new family! 😬
Australia is heading towards minority government at a turning point in world history.
Australia is on the brink of a minority government during a pivotal moment in global history.
The rise of black market cigarette sales is certainly a concerning trend, as it not only impacts federal revenue but also raises issues around public health and safety. The loss of nearly $7 billion in tobacco tax revenue highlights the challenges that governments face in combating illegal trade, especially in highly taxed products like cigarettes.
Efforts might need to be intensified in order to address the root causes of black market sales, such as pricing, regulation, and enforcement. Additionally, it raises questions about the effectiveness of current tobacco policies and whether adjustments are needed to mitigate the issue. What are your thoughts on potential strategies to tackle this problem?