Monthly Archives: August 2010

Cigarette Tax Hikes Backfire in the Balkans

August 30, 2010
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Interesting news from Reuters “Cash-strapped Bulgaria and Romania hoped taxing cigarettes would be an easy way to raise money but the hikes are driving smokers to a growing black market instead. Criminal gangs and impoverished Roma communities near borders with countries where prices are lower — Serbia, Macedonia, Moldova and Ukraine — have taken...

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