Tag #Black Market

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smh.com.au

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May 25, 22:12

Sydney Tobacconist Fined Despite Multi-Million Dollar Turnover

Sydney tobacconist Muh'd Al Zoubi was fined $5500 for a tobacco-related offence, despite his company, TSG George Street Pty Ltd, having a turnover exceeding $3.3 million last year; this highlights challenges in regulating a lucrative industry with a large black market, prompting discussions on stric...

Sydney Tobacconist Fined Despite Multi-Million Dollar Turnover

Sydney tobacconist Muh'd Al Zoubi was fined $5500 for a tobacco-related offence, despite his company, TSG George Street Pty Ltd, having a turnover exceeding $3.3 million last year; this highlights challenges in regulating a lucrative industry with a large black market, prompting discussions on stric...

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What are the immediate financial implications of Al Zoubi's conviction on his tobacco business, and what does this reveal about the profitability of the industry?

Muh'd Al Zoubi, owner of TSG George Street Pty Ltd, was fined $5500 for displaying tobacco products in view of the public. His company had a turnover of over $3.3 million last year, highlighting the profitability of the tobacco trade in Sydney. Despite this fine, the impact on his business is minimal.

elpais.com

🌐 75% Global Worthiness

May 10, 10:12

Argentina's Currency Controls Eased: "Arbolitos" Vanish from Buenos Aires

Following a $20 billion IMF bailout and a partial lifting of currency controls, informal dollar traders ("arbolitos") have virtually disappeared from Buenos Aires' Florida Street, as the peso has defied devaluation predictions and remained stable within the government-set range of 1000-1400 pesos.

Argentina's Currency Controls Eased: "Arbolitos" Vanish from Buenos Aires

Following a $20 billion IMF bailout and a partial lifting of currency controls, informal dollar traders ("arbolitos") have virtually disappeared from Buenos Aires' Florida Street, as the peso has defied devaluation predictions and remained stable within the government-set range of 1000-1400 pesos.

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How does the recent government policy change relate to Argentina's history of currency controls and informal exchange markets?

The Argentine government's recent actions represent a significant shift in its approach to currency control. By partially lifting the "cepo" (currency restrictions) and allowing a free-floating dollar within a defined range, the government aims to stabilize the peso and reduce the informal dollar market's influence. This strategy's initial success has led to the near-disappearance of "arbolitos" from Florida Street, a key indicator of the informal market's health.

t24.com.tr

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Apr 18, 16:13

Turkey Mandates UTTS Installation for Fuel Stations and Businesses

Turkey's Revenue Administration (GIB) mandates fuel stations and businesses to install National Vehicle Recognition System (UTTS) units by specific deadlines (January 31, 2024, and July 1, 2024), aiming to improve tax compliance and combat the informal economy; details are available at utts.gov.tr.

Turkey Mandates UTTS Installation for Fuel Stations and Businesses

Turkey's Revenue Administration (GIB) mandates fuel stations and businesses to install National Vehicle Recognition System (UTTS) units by specific deadlines (January 31, 2024, and July 1, 2024), aiming to improve tax compliance and combat the informal economy; details are available at utts.gov.tr.

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How does the UTTS system aim to improve tax compliance and address the informal economy within Turkey's fuel sector?

The mandate requires fuel stations to install Vehicle Recognition Reader Devices (TTO) by January 31, 2024, and businesses to install Vehicle Recognition Units (TTB) on company vehicles by the same date. This system will automatically transmit vehicle license plate information to the next-generation fuel pump payment recording devices, improving tax collection.

theguardian.com

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Mar 19, 07:13

Australia's Tobacco Tax: Unintended Consequences and a Thriving Black Market

Australia's high tobacco taxes, intended to curb smoking and boost revenue, have unexpectedly created a booming black market, enriching organized crime and disproportionately harming disadvantaged smokers while yielding uncertain public health gains.

Australia's Tobacco Tax: Unintended Consequences and a Thriving Black Market

Australia's high tobacco taxes, intended to curb smoking and boost revenue, have unexpectedly created a booming black market, enriching organized crime and disproportionately harming disadvantaged smokers while yielding uncertain public health gains.

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What are the primary unintended consequences of Australia's aggressive tobacco tax policy, and how significantly do they undermine the policy's stated goals?

Australia's high tobacco taxes, aimed at reducing smoking and increasing revenue, have inadvertently fueled a thriving black market. Criminal networks undercut legal prices, leading to increased profits for organized crime and lost tax revenue. This has created a significant unintended consequence, undermining the policy's goals.

zeit.de

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Mar 17, 13:15

Australian Woman Convicted for Attempting to Sell Human Toes Found in Dog Vomit

In Victoria, Australia, a woman attempted to sell two human toes she found in dog vomit, which belonged to the dogs' deceased owner. Police found the toes preserved in formaldehyde, along with other animal parts, leading to an 18-month good behavior bond.

Australian Woman Convicted for Attempting to Sell Human Toes Found in Dog Vomit

In Victoria, Australia, a woman attempted to sell two human toes she found in dog vomit, which belonged to the dogs' deceased owner. Police found the toes preserved in formaldehyde, along with other animal parts, leading to an 18-month good behavior bond.

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What were the immediate consequences of the woman's actions in attempting to sell human toes obtained from dog vomit?

A woman in Victoria, Australia, was found guilty of attempting to sell two human toes she recovered from dog vomit. The toes belonged to the dogs' deceased owner, who died of natural causes. The woman, a former animal shelter worker, collected the remains and intended to sell them online for approximately $400 AUD.

dw.com

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Mar 5, 19:13

Turkey's Alcohol Tax Crisis: 160 Deaths and a Black Market Boom

At least 160 deaths from methanol poisoning in Turkey this year are linked to high alcohol taxes, driving consumers to the black market and highlighting the need for policy reform.

Turkey's Alcohol Tax Crisis: 160 Deaths and a Black Market Boom

At least 160 deaths from methanol poisoning in Turkey this year are linked to high alcohol taxes, driving consumers to the black market and highlighting the need for policy reform.

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What are the immediate consequences of Turkey's high alcohol taxes, and how is this impacting public health?

In Turkey, a surge in deaths from methanol poisoning linked to illicit alcohol production has prompted a national crisis. At least 160 deaths have occurred since the start of the year, with 648,000 liters of counterfeit spirits confiscated. High taxes, raising the price of a bottle of Raki to approximately 35 euros, are driving consumers to the black market.",

smh.com.au

🌐 85% Global Worthiness

May 19, 13:11

Australia's Tobacco Tax Backfires, Fueling Black Market and Gang Violence

Australia's attempt to eliminate tobacco through high taxes has created a thriving black market, costing billions in lost revenue, fueling gang violence, and harming public health; illicit tobacco accounts for nearly 40% of consumption.

Australia's Tobacco Tax Backfires, Fueling Black Market and Gang Violence

Australia's attempt to eliminate tobacco through high taxes has created a thriving black market, costing billions in lost revenue, fueling gang violence, and harming public health; illicit tobacco accounts for nearly 40% of consumption.

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What are the immediate economic and social consequences of Australia's burgeoning illicit tobacco market?

Australia's attempt to curb tobacco use through high taxes has backfired, leading to a thriving black market. This illicit trade involves approximately 40% of tobacco consumption, up 28.6% from 2023, resulting in billions of dollars in lost tax revenue for the government and significant healthcare costs.

thetimes.com

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Apr 21, 04:11

London's Luxury Housing Market and the Rise of Car Part Theft

London luxury flats priced from £1.2 million to £4.35 million are marketed using literary references, while a car part theft highlights a thriving black market for stolen goods resold online.

London's Luxury Housing Market and the Rise of Car Part Theft

London luxury flats priced from £1.2 million to £4.35 million are marketed using literary references, while a car part theft highlights a thriving black market for stolen goods resold online.

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How do the marketing techniques employed for luxury housing in London contribute to perceptions of social inequality?

The marketing of expensive London flats highlights the vast economic disparity in the city. The car part theft reflects a thriving black market, showcasing the challenges of policing and resource allocation. These disparate events highlight the complexities of modern urban life in London.

nrc.nl

🌐 75% Global Worthiness

Apr 17, 13:17

Almere's Legal Cannabis Experiment: A Battle Against the Illegal Market

Almere's regulated cannabis experiment, now in its second year, shows legal sales increasing at coffeeshops like De Blowboot, but illegal street dealers persist, offering cheaper prices and 24/7 delivery, highlighting the challenges of fully replacing the illegal market.

Almere's Legal Cannabis Experiment: A Battle Against the Illegal Market

Almere's regulated cannabis experiment, now in its second year, shows legal sales increasing at coffeeshops like De Blowboot, but illegal street dealers persist, offering cheaper prices and 24/7 delivery, highlighting the challenges of fully replacing the illegal market.

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What factors contribute to the continued success of illegal cannabis sales in Almere despite the legal market?

The experiment in Almere demonstrates the difficulties of replacing the illegal cannabis market with a legal one. While legal sales are increasing, illegal dealers persist, offering lower prices and more convenient services. This points to the need for comprehensive strategies to address the ongoing challenges of the illegal market.

lefigaro.fr

🌐 75% Global Worthiness

Mar 18, 01:19

US Egg Prices Soar, Fueling Smuggling Crisis

Soaring US egg prices, exceeding \$10 per dozen due to inflation and avian flu, have caused a 36% rise in egg smuggling from Mexico and Canada, resulting in over 3700 egg seizures since October—more than fentanyl seizures during the same period—while Americans increasingly raise backyard chickens.

US Egg Prices Soar, Fueling Smuggling Crisis

Soaring US egg prices, exceeding \$10 per dozen due to inflation and avian flu, have caused a 36% rise in egg smuggling from Mexico and Canada, resulting in over 3700 egg seizures since October—more than fentanyl seizures during the same period—while Americans increasingly raise backyard chickens.

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How have consumers responded to the high price of eggs and the increased smuggling attempts?

The high cost of eggs in the US, driven by inflation and disease, has created a black market fueled by cross-border smuggling and online sales. This has led to a surge in home poultry farming as Americans seek affordable alternatives. The Justice Department is investigating potential price-fixing by major egg producers.

dw.com

🌐 85% Global Worthiness

Mar 8, 10:07

Turkey's Alcohol Tax Crisis: 160 Deaths and a Black Market Boom

At least 160 deaths from illegally produced alcohol in Turkey since 2025 have prompted government crackdowns, highlighting the impact of high taxes making alcohol unaffordable for many and driving them to the black market.

Turkey's Alcohol Tax Crisis: 160 Deaths and a Black Market Boom

At least 160 deaths from illegally produced alcohol in Turkey since 2025 have prompted government crackdowns, highlighting the impact of high taxes making alcohol unaffordable for many and driving them to the black market.

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What is the immediate impact of Turkey's high alcohol taxes on public health, and what evidence supports this?

Fake" raki, a Turkish anise-flavored spirit, is causing alcohol poisoning deaths in Turkey. At least 160 deaths have occurred since the start of 2025 due to illegally produced alcohol, prompting government seizures of 648,000 liters of illicit spirits and arrests of 560 suspects. High taxes have increased raki prices to approximately €35 per bottle, making it unaffordable for many and driving them to the black market.

dailymail.co.uk

🌐 85% Global Worthiness

Mar 2, 22:12

1.2 Million Illegal Vapes Seized in UK in 2024

In 2024, UK authorities seized 1.2 million illegal vapes (worth £9 million), a 44% increase from 2023, with hotspots in London, Essex, Liverpool, Newport (Wales), and Renfrewshire (Scotland); experts cite weak enforcement and the government's vape ban as contributing factors, emphasizing the public ...

1.2 Million Illegal Vapes Seized in UK in 2024

In 2024, UK authorities seized 1.2 million illegal vapes (worth £9 million), a 44% increase from 2023, with hotspots in London, Essex, Liverpool, Newport (Wales), and Renfrewshire (Scotland); experts cite weak enforcement and the government's vape ban as contributing factors, emphasizing the public ...

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What factors contribute to the concentration of illegal vape seizures in specific regions of the UK?

The rise in illegal vape seizures is linked to insufficient enforcement and the government's ban on disposable vapes, which industry experts argue fuels the black market. Hillingdon's proximity to Heathrow Airport is cited as a factor in its high seizure numbers, accounting for 40% of the UK total. The high concentration of illegal vapes in specific areas like Essex (14,000% increase) suggests organized smuggling networks.

Showing 13 to 24 of 33 results