Public wealth, public health, and private stealth: Australia's black market in cigarettes
Taxes on tobacco provide a significant income for the Australian government – $5.1 billion in 2001. At the same time, health officials are making strenuous efforts to reduce smoking, particularly among teenagers. Some economists suggest that raising taxes on tobacco will produce more revenue while at the same time lowering smoking rates, particularly among youths who have less discretionary spending power than adults. But a by-product of excise tax in Australia has been the emerging market in...[Show more]
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