illegal tobacco trade

According to sources, the Greek state has missed out on an opportunity to reap around 800 million euros in tax revenues due to tax hikes on cigarettes in 2016, as consumers turn to illegal tobacco markets. The data shows that...

The Foundation for Economic and Industrial Research (IOBE) noted on Thursday that any efforts to raise taxes on tobacco products in Greece will only lead to further losses in public revenue as the illegal tobacco trade will extend. According to data presented...