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56.6 Billion Illegal Cigarettes Consumed in the EU in 2014, Worth More Than €11bn in Lost Tax Revenue

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LONDON--(BUSINESS WIRE)--The scale of the illegal trade in cigarettes remains sizeable in the European Union (EU), with a total of 56.6 billion illegal cigarettes consumed in 2014, representing 10.4% of total consumption, according to the latest annual report by KPMG. This illegal market costs taxpayers and communities more than €11 billion a year in lost tax revenue. If combined, the thousands of transactions made by criminals involved in the illegal tobacco trade would equate to them being th

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