Illegal tobacco burns $3.3bn hole in Australia’s tax revenue, crime agency says
NegativeWorld Affairs

Illegal tobacco burns $3.3bn hole in Australia’s tax revenue, crime agency says
A recent report from the Australian Criminal Intelligence Commission (ACIC) reveals that illegal tobacco trade has significantly impacted the country's economy, costing the federal government $3.3 billion in lost tax revenue. This issue highlights the ongoing debate over cigarette excise and the challenges posed by illicit markets. Understanding the scale of this problem is crucial as it not only affects government finances but also raises concerns about public health and crime associated with the illegal trade.
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