A study by the University of Asia and the Pacific showed that as the price of cigarettes increased due to higher taxes, illegal trade also rose.
MANILA - Stakeholders in the cigarette industry want illicit cigarette traders prosecuted and penalized more harshly amid the rising number of cases of illicit cigarette trade in the country.
“High taxation, unfortunately, has an unintended consequence. It encourages the rise of illicit trade. Without effective regulatory enforcement in reducing or completely eliminating illicit cigarette trade, all efforts in enforcing a level playing field, lowering smoking prevalence and raising tax revenues will all go down the drain,” Nuñez said.
Nuñez warned against imposing more taxes on cigarettes since such efforts could be counterproductive if it will only fuel illicit trade.
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