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South Africa is bleeding billions in lost revenue to illicit trade. So why hasn t the WHO Illicit Trade Protocol been ratified yet? asks Johnny Moloto.
As Finance Minister Tito Mboweni prepares
to deliver his annual Budget this month, how he must bemoan the fiscal crater
carved out by South Africa’s illegal economy.
This shadowy world of illicit flows, black
market trade and other nefarious tax dodging was estimated – at this time last
year – to cost the fiscus R100 billion annually. That’s money Minister Mboweni
needs now more than ever.
Regrettably, the Covid-19 pandemic will
only have increased this particular damage to his balance sheet, if the
SA is bleeding revenue on the black market - and it s avoidable sierraleonetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sierraleonetimes.com Daily Mail and Mail on Sunday newspapers.
Synopsis
Federation of All India Farmer Associations (FAIFA) General Secretary Murali Babu said that in the amendment bill all the provisions of the WHO Framework Convention on Tobacco Control (FCTC) are being given effect in full force and in some cases more than as required by FCTC.
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NEW DELHI: Farmers body FAIFA on Wednesday asked Prime Minister Narendra Modi to recall the proposed bill to amend the law regarding cigarettes and other tobacco products saying it will be a death knell for Indian tobacco farmers. The proposed COTPA (Cigarettes and Other Tobacco Products Act) Amendment Bill 2020 will provide huge boost to the ever-growing illicit cigarette business in India and will adversely impact the legal cigarette trade, FAIFA, which claims to represent farmers and farm workers of commercial crops across Andhra Pradesh, Telangana, Karnataka and Gujarat, said in a statement.
Withdraw bill on cigarette, tobacco: Farmers body tells Modi orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Read more about Farmers body asks PM Modi to withdraw bill on cigarette, tobacco on Business Standard. Farmers body asked PM Modi to recall the proposed bill to amend the law regarding cigarettes and other tobacco products