US EditionUp in smoke: How Australia's fight with big tobacco fuelled a black market
6 Articles
6 Articles
Government to spend millions on tobacco black market crackdown
New South Wales police have arrested seven men over the theft of 1.4 tonnes of tobacco in Sydney. Meanwhile, the federal government has announced it will spend millions of dollars in a crack down on the black market. The measure, announced in the budget, aims to rectify a massive drop in excise duties collected from tobacco sales.
Budget 2025: Black Market Tobacco Burns $6.9 Billion Hole in Australia’s Budget Revenue
The 2025/26 budget’s revenue has taken a blow as black market items eat into expected excise tax revenue from the sale of tobacco products. The budget was supposed to net the government around $7.4 billion in the coming year, a figure that’s almost 50 percent less than predicted in the 2021/22 budget. That follows a $12.5 billion reduction in the forecast in last year’s Budget, and a further reduction of $10.7 billion in the mid-year update. In …
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