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 MagazineSports stars keep shifting their watch brand allegiancesBani McSpeddenDark Emu beer with native grains at this destination breweryCrocs turn 23 years old. Time to grow up and get shoesBOSS Financial ReviewFour women who started businesses after the age of 45Sally PattenWhat happened when Domain learnt it spent $36m a year on meetingsThe country’s highest-paid directors revealedLife & LeisureA backyard beehive and an on-trend merino sweater to wear this winterEugenie KellyWill BMW’s Neue Klasse range be the game-changing EVs they promise?The Australian gallery that made art fun turns 20Rich ListProperty billionaire Nick Andrianakos dies in GreeceYolanda RedrupCannon-Brookes describes ‘deep internal conflict’ over his private jetOscar Piastri on the secret of his $41m-a year success