WealthTaxTobaccoPrint articleOpinionAustralia’s $10b tobacco mistake that’s helping criminals thriveUnless and until we pair our tobacco taxes with matchingly strong enforcement, we’ll keep failing to fight illegal tobacco and cut smoking rates.Chris RichardsonEconomistFeb 3, 2025 – 12.18pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginIt takes a special talent to lose $10 billion a year.Worse still is if you can do that while creating an enormously profitable industry for organised crime, with the cherry on top of hurting the health of hundreds of thousands of Australians.Loading...Chris Richardson is an independent economist.SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreTobaccoOpinionSmoking & vapingLatest In TaxFetching latest articlesMost Viewed In WealthThe Australian Financial Review MagazineThe 25 new watches you need to know nowLuke Benedictus and Bani McSpeddenWhat OpenAI’s Sam Altman suggests you do to keep your jobThis Australian watch reseller is making its move on London and NYCBOSS Financial ReviewThe 5 tips that stuck with 2025’s BOSS Young ExecutivesHannah Tattersall, Rachael Bolton and Sally PattenHow a divorce at the age of 36 turbocharged this leader’s careerThe 3 traits that stand out among this year’s BOSS Young ExecutivesLife & LeisureThe most dangerous wine in the worldMax AllenWhy Maserati is bucking the EV trend with this supercarNothing is as good as the controls on these high-end headphonesRich ListStake.com founder invests millions to build Australia’s ChatGPTPaul SmithRich Lister Walker family donate millions to Sydney cancer centreChina provides reality check for Forrest’s green iron dream