TMA responds to Labour windfall tax proposal

TMA responds to Labour windfall tax proposal

Giles Roca, Director General of the Tobacco Manufacturers’ Association (TMA), commented:
 
 “This anti-business idea is illogical and ignores a major cause of lost tobacco tax, the illegal market. Rather than coming up with ways to attack a legitimate UK business sector, selling a legal product which already contributes £12.3bn per year in tax, the Labour party should be thinking of how to claw back the billions in revenue the government loses through sales of illegal tobacco in the UK. The latest HM Revenue & Customs data shows that the illegal market cost up to £2.9bn in 2012/13, a rise of £500m on the previous year.”

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