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September 16, 2010
By: DAVID SAVASTANO
According to a 2009 report from the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, the U.S. loses $5 billion per year in state excise taxes due to tobacco being smuggled in illegally. At a time when governments are strapped for funding and are doing all they can to raise revenue, the loss of taxes due to counterfeiting is a major problem. California has taken proactive steps to reduce some of the loss of revenue by working in conjunction with SICPA Security Inks and Systems USA and ...
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