Canada’s flourishing contraband tobacco market helps fund overseas terrorism: report
In Ontario alone, governments are seeing between $1.6 and $3 billion in lost tax revenue per year as a result of illegal trade in tobacco products, the institute concludes in its latest report, which is set to be released on Thursday. Global News was able to obtain a copy in advance.
But depriving government coffers of money that could be used for health care, education or other social programs is just one of the negative consequences of this particular black market. Illegal tobacco also helps fund organized crime in Canada and terrorist organizations abroad, the report notes.