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Abu Dhabi summit to address $3trn illicit tradeThe 'shadow' economy – from counterfeit goods to illicit financial flows, to human trafficking and drugs – which is estimated to reach over $3 trillion will be addressed at the upcoming Global Illicit Trade Summit in Abu Dhab More… |
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New GCC tobacco tax ‘could fuel illicit trade’A 100 per cent increase in duty on tobacco products in the GCC could fuel growth in illicit trade, beyond the control of police and customs authorities, as a consequence of an overnight rise in the cost of cigarettes, says a report. More… |
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Illicit cigarette trade ‘costing Egypt $663m’Illicit trading in cigarettes is costing the Egyptian government approximately EGP4 billion ($663 million) annually, or three per cent of the current budget deficit, said a report. More than 100 low-cost illicit brands, adhering to no loca More… |
