I knew things were bad in Australia but this graph really show how dramatically the black market has grown since the tobacco turf war took off in 2023.
The green and yellow lines show the government's projections from the last few years. Each time, the government forecasts that revenues will flatten out somewhat but they just keep plummeting. It won't be long before the Australian state is spending more on enforcement than it gets in tobacco duty!
What a fiasco. It's great that Simon Chapman has lived long enough for him to see it happen.
h/t Ed Jegaothy
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