The Deduction Prohibition by Price
Sep 19, 2023
Adam Hoffer, Director of Excise Tax Policy, discusses the unintended consequences of high cigarette taxes, including the rise of a black market. They explore the dangers of counterfeit cigarettes with contaminants like lead and human feces. The correlation between tax rates and smuggling is examined, along with the connection to other illegal trades. The podcast sheds light on strategies to combat illicit tobacco trade.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 3min
The Impact of High Cigarette Taxes and 'Prohibition by Price'
03:03 • 2min
The Size and Dangers of the Global Illicit Tobacco Market
04:46 • 2min
The Correlation Between Cigarette Tax Rates and Smuggling
07:01 • 9min
Illegal Tobacco Trade and Excise Taxes
16:10 • 2min