Art and Antique Smuggling Market Value: $10 Billion
The Times of India has reported that ” According to intelligence reports, antique smuggling is estimated to be around $10 billion worldwide.”
Other published reports has stated that the size of the smuggled art and antique market to be between $5 to $8 billion.
Source: Arun Kumar Das, “Govt to crack down on antique smuggling,” [...]
Cigarette Smuggling Market Value: $50 Billion
The Framework Convention on Tobacco Control estimates 600 billion cigarettes, or 11 percent of all cigarettes sold globally in 2006 were smuggled cigarettes. The loss in tax revenue worldwide was $50 billion.
Source:Jennifer M. Freedman, “Governments Trying to Battle Illegal Tobacco Trade,” Bloomberg News, February 11, 2008,(accessed: February 12, 2008).
90 percent of smuggled cigarettes seized in 2002 were counterfeit
Source: Phillip Morris International Inc., “Confronting cigarette contraband,” October 2003,(last accessed: March 22, 2008).
Cigarette smuggler can make $2 million profit from truckload of cigarettes
In an article in the Washington Post, it is reported that a cigarette smuggler is able to gain a profit of $2 million for smuggling a truckload of cigarettes within the United States.
Source: Sari Horwitz, “Cigarette Smuggling Linked to Terrorism,” Washington Post, June 8, 2004, pg A01, (accessed:April 20, 2006).
New York City losses $40 million in tax revenue each year to smuggled cigarettes
Source: “Weiner Says Black Market Cigarettes Tied To Terrorism,” NY1 News, November 4, 2007,(accessed: November 5, 2007).
United Kingdom loses $5.5 billion in taxes from smuggling
In the United Kingdom, Custom officials estimates that £2.9 billion ($5.5 Billion) are lost in unpaid cigarette taxes due to smuggling.
Source: Michael Settle, ” Cigarette smuggling costs £3bn a year,” The Herald(UK), June 22, 2006.
Ireland loses $144 million in lost cigarette taxes
Smuggled cigarettes from Eastern Europe causes 100 Million Euros ($144 Million) in tax revenue losses in Ireland. 38 Million cigarettes are smuggled through the Dublin Airport each year.
Source: John Burke and Ian Kehoe, “Cigarette smuggling costs exchequer €100,” Sunday Business Post, November 4, 2007(accessed: November 5, 2007).
20 to 30 percent of all cigarettes consumed in Russia are smuggled
Source: Jennifer M. Freedman, “Governments Trying to Battle Illegal Tobacco Trade,” Bloomberg News, February 12, 2008,(accessed: February 12, 2008).
1.6 million packs seized in Singapore in 2007
Source: Julia Ng, “ICA reports 83% jump in smuggling cases at checkpoints in 2007,” Channel News Asia, January 24, 2008,(accessed: January 28, 2008)
1.2 million packs seized in Singapore in 2006
Source: Noor Mohd Aziz, “46% jump in number of cigarette, tobacco smuggling cases in 2006,” Channel News Asia, February 1, 2007,(accessed: February 2, 2007).
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