Tuesday, August 14, 2007

It Was A Given When Government Raises Sin Taxes

That the private sector will find ways to benefit from this action. The last figures I heard that the government has lost something like $1.6 billion in taxes. Ask yourself who are the individuals benefitting.........The underground products -- mostly coming from native reserves in the United States or Ontario -- rob the legitimate industry and government of revenue, shrink the high prices that are considered a key deterrent to potential smokers and allegedly fuel organized crime.

Ottawa To Mark Tobacco
The federal government is ordering high-security tax stamps for cigarette packages and planning stepped-up audits of tobacco factories and farms in a new campaign against the increasing number of contraband cigarettes flooding the Canadian market.

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