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Australia's Cigarette Black Market: A Billion Dollar Problem

Australia's Cigarette Black Market: A Billion Dollar Problem

Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!

April 9, 20261m 30s

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Show Notes

Australian Border Force seizes millions of illicit cigarettes daily, but high legal prices fuel demand for black market smokes. Federal tobacco taxes have plummeted despite increased policing, costing billions. Criminals adapt to seizures, predicting shifts to fake vapes and homegrown tobacco. Politicians agree that closing price gaps is crucial to ending the illicit tobacco trade.

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