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Illegal tobacco costs nation $5b a year, says BIS Oxford

Jacob Greber

Illegal tobacco has burgeoned to the point where it costs the community more than $5 billion a year in lost tax revenue, profits and jobs, according to a report by BIS Oxford Economics.

Commissioned by British American Tobacco, the research suggests that despite increased enforcement efforts, the incentives for illicit sales are being driven by soaring tax rates that make tobacco sold in Australia some of the most expensive in the world.

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Jacob Greber was The Australian Financial Review’s senior political correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com

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    Original URL: https://www.afr.com/politics/federal/illegal-tobacco-costs-nation-5b-a-year-says-bis-oxford-20211203-p59ell