Tax Losses in Colombia From Smuggling Alcohol and Tobacco

in Business Risk

Bootlegging in Colombia causes an estimated $300 Million in lost tax revenue for the government. Cigarette smuggling also causes $300 Million in lost tax revenue in Colombia.

Source:  Elyssa Pachico, “Colombia’s Illegal Booze Trade Causing Headaches,” InSight, October 7. 2011.

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