Editor’s Note: See the complete World Bank report, The Confronting Tobacco Illicit Trade: A Global Review of Country Experiences.
From: City A.M.
Campaign groups have clashed over a World Bank report promoting the benefits of tobacco tax amid claims high taxation drives people to the black market.
The report into the global illicit tobacco trade outlines the benefits of high tobacco taxes, which it states improve public health, increase revenues and reduce the economic burden related to tobacco use.
The World Bank also refutes the claim that hikes in so-called sin taxes drive customers to the illegal tobacco market, which hits tax revenue without reducing smoking.
