European Union loses 600 million euros to counterfeit cigarettes

Posted on April 26, 2008
Filed Under Europe, counterfeit and piracy |

The European Union loses 600 million euros ($868 million) annually in tax revenue to counterfeit cigarettes.

Source: Jennifer M. Freedman, “Governments Trying to Battle Illegal Tobacco Trade,” Bloomberg News, February 11, 2008, (accessed: February 12, 2008).

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