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Headlines Tagged with Roll-your-own 707 headlines found

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STATEMENT OF RONALD J. BERNSTEIN PRESIDENT AND CEO OF LIGGETT VECTOR BRANDS LLC BEFORE THE UNITED STATES SENATE COMMITTEE ON FINANCE

the renegade tobacco industry has also re-labeled “little cigars” as “filtered cigars” while making minimal changes to the weight of the product. This has created another tax dodge that has cost the federal government close to $900 million. Together wi
U.S. Senate Committee on Finance
added Jul 29, 2014 12:18
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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
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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
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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
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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
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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
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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
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[Australia] Cigarettes: roll your own vs factory-made

Unfortunately for the (usually poorer) people who tend to smoke rollies, they are both less natural and more harmful. In factory-made cigarettes, the additives make up about half-a-per cent of the dry weight of the tobacco. But in the rollies, the additi
Australian Broadcasting Corporation (ABC) (au)
added Jul 22, 2014 12:45
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Tobacco in Greece

Volume sales of tobacco products in Greece continued to decline in 2013. This was partly the result of ever more Greeks quitting smoking, mainly due to the fact that they can no longer afford it, but was also due to rising health awareness and illicit tob
Euromonitor International
added Jul 19, 2014 23:32
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[Indonesia] Cut called for in 'kretek' cigarette excise

The Industry Ministry is set to push the Finance Ministry to reduce the excise imposed on hand-rolled clove cigarettes (kretek) to keep more factories from closing. Industry Minister MS Hidayat said Thursday that cutting the tax would help ease the burd
Jakarta Post (id)
added Jun 16, 2014 09:41
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