Revenue Loss from Smuggling in Germany

in Business Risk

Cigarette smuggling in Germany causes the federal government to lose up to $5.6 Billion (4 Billion Euros) in tax revenue. The cigarette industry and retailers lose an additional $1.6 Billion (1.2 Billion Euros) in revenue from cigarette smuggling.

Source:  Holger Elfes, “German Smokers Buying More Smuggled Cigarettes, Welt Reports,” Bloomberg News, January 26, 2010.

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