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It Kills. You and Economy

"CCC also suggested that the government review the excise structure and reform taxes as structural reforms were required to close the price gap between legitimate products, which carried an artificially inflated price due to taxes and excise duties, versus black market products. CCC said if the price difference was small, consumers would prefer to buy legal products and black market perpetrators would lose their motivation to smuggle in illegal goods."

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Source: FMT