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Does High Cigarettes Tax Policy Enable Cigarette Smugglers

| February 25, 2011

buy cigarettes marlboro onlineCarreras Limited said its sales volumes slipped in the third quarter as smokers continue to retreat from its licit higher-priced Marlboro cigarettes while embracing black market offerings. Company revenue fell seven per cent to J$3.47 billion in the quarter ending December 2010, while net profit dropped 16 per cent, from J$849 million or J$1.75 per share to J$714 million or J$1.47 per share, reflecting both declining sales and a 38 per cent erasure of investment income as yields fell on paper securities.

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Illegal Tobacco Market in Spain

| November 17, 2010

high quality cigarettes onlineSpain’s biggest ever counterfeit cigarette network has been dismantled in an operation against that led to the seizure of 90 million fake Bond cigarettes and the arrest of six men, the European Anti-Fraud Office (OLAF) said Friday. The investigation saw the OLAF working closely with Spanish Customs to break up one of the largest tobacco rackets in Europe and prevent the loss of 10 million euros in tax revenue.

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