Tax Revenue Loss in New Jersey

in Business Risk

The State of New Jersey in the United States loses an estimated $500 Million a year in tax revenue due to cigarette smuggling.

40 percent of all cigarette packs in the state is sold illegally on the black market without the payment of taxes.

Smuggling gangs are able make a $4 profit for each pack sold.

Source:  Matt Sugam, “Cigarette Smuggling Costing New Jersey,” NewJerseyNewsroom.com, March 5, 2013.

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