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Headlines Tagged with Pipes 523 headlines found

8 Views

Wyden Calls for Action to Close Tobacco Tax Loophole

at a hearing today called to end a loophole in the labeling of tobacco products that has cost American taxpayers more than $2 billion and hurt efforts to keep tobacco out of the hands of children...manufacturers began mislabeling RYO tobacco as "pipe toba
InsuranceNewsNet.com
added Aug 4, 2014 03:44
8 Views

Tobacco tax law cost U.S. billions in revenue -report

2009 law that raised federal taxes to discourage smoking cost the U.S. government billions of dollars in lost revenue as manufacturers relabeled products and consumers shifted to cheaper pipe tobacco and large cigars, the U.S. Government Accountability Of
Reuters
added Aug 4, 2014 03:55
10 Views

TOBACCO TAXES / Disparities in Rates for Similar Smoking Products Continue to Drive Market Shifts to Lower-Taxed Options: Statement of David Gootnick, Director, International Affairs and Trade (PDF)

In its 2012 report, GAO suggested that Congress consider equalizing tax rates on roll-your-own and pipe tobacco and, in consultation with Treasury, consider options for reducing tax avoidance due to tax differentials between small and large cigars
U.S. Senate Committee on Finance
added Jul 29, 2014 12:15
55 Views

Alcohol and Tobacco Tax and Trade Bureau John J. Manfreda, Administrator Before the U.S. Senate Committee on Finance (PDF)

given the increased financial incentives for unlawful diversion following tobacco tax rate increases, illicit schemes to evade federal excise taxes will continue to evolve and require an ongoing and dedicated enforcement presence to address them.
U.S. Senate Committee on Finance
added Jul 29, 2014 12:08
9 Views

Hatch Statement at Finance Committee Hearing on Tobacco Taxation (PDF)

Given the fact that roll-your-own tobacco is taxed at around 10 times the rate of pipe tobacco, this market shift deserves our attention. ... Though we’re talking about a specific set of federal excise taxes on a product that is controversial, that sho
U.S. Senate Committee on Finance
added Jul 29, 2014 11:11
38 Views

Statement of the National Association of Convenience Stores (NACS) “Tobacco: Taxes Owed, Avoided and Evaded” / United States Senate Committee on Finance (PDF)

• Many Native American tribes and tribal retailers are abusing their sovereignty to evade state taxes on sales of tobacco. Such tribes and retailers abuse their ability to sell tax-free to their own members and expand those sales to non-members even thou
National Association of Convenience Stores (NACS)
added Jul 29, 2014 11:04
7 Views

Wyden Statement on Tobacco Tax Avoidance and Evasion

Today the Finance Committee will examine a classic case of tax evasion: How dozens of companies making tobacco products dodge taxes owed under current law by changing only a few words on packaging labels. This evasion fleeces taxpayers out of billions of
U.S. Senate Committee on Finance
added Jul 29, 2014 11:00
14 Views

GAO: Shift to Pipe Tobacco, Large Cigars Saves Tobacco Firms Billions in Taxes

triggered a market shift to pipe tobacco and large cigars, costing the U.S. Treasury billions in lost revenue, according to a GAO report obtained by NBC News. In some instances, it took little more than a label change to qualify for the lower tax rate, it
NBC News
added Aug 4, 2014 03:57
67 Views

Shift to pipe tobacco, large Cigars Saves Tobacco Firms Billions

A 2009 law that raised federal taxes on tobacco products to discourage smoking triggered a market shift to pipe tobacco and large cigars, costing the U.S. Treasury billions in lost revenue... which will be the focus of a congressional hearing on Tuesday
CNBC
added Jul 28, 2014 22:56
6 Views

Submitting Comments to the FDA on Tobacco Deeming Regulations

NATO is asking all association members, including retailers, wholesalers, and manufacturers, to submit comments to the FDA’s Center for Tobacco Products on the proposed tobacco deeming regulations. The process to submit comments to the FDA is simple and
Center for Tobacco Control Research and Education (UCSF)
added Jul 11, 2014 18:18
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