United Kingdom loses $5.5 billion in taxes from smuggling

Posted on April 26, 2008
Filed Under Europe, consumer |

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.

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