FINNENCE ▪ THE WIRE FILE
THE WIRE · № 79242
Video■ Unclear/unknown
Australia’s cigarette tax rises fuel black market trade
KINDVideo
DIRECTION■ Unclear/unknown
SOURCES1
ENTITIES1
STORY SIZESTANDALONE
FIRST SEEN
LAST UPDATE
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
Extreme cigarette taxation shifting demand to illicit trade shows policy can miss revenue and health goals.
Sin-tax overshoot can backfire on revenue
CATALYST TO WATCH
Australian budget or tobacco tax data
MAIN RISK
Illicit trade undermines health policy goals
FULL DISPATCH
Australian cigarettes are now the most expensive in the world as the country has tried to tax smoking into extinction. But has its war on nicotine backfired? Nic Fildes examines how the policy has helped fuel a vast black market controlled by organised crime. #cigarettes #cigars #australia #austra
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
AFFECTEDConsumer
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
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