£4.5bn black market cigarette tax loss should be ‘a major wake-up call’ for Labour Tax Over half of cigarettes smoked in the UK are black market and are contributing £4.5bn to the country’s tax losses – a record high – according to new analysis from KPMG and tobacco giant Philip Morris. The findings show that 1.5bn more black-market, tax-free cigarettes were consumed by UK smokers last year compared to 2024, [...]
British American Tobacco inches closer to settlement of multi-billion dollar lawsuit in Canada Legal A subsidiary of London-listed British American Tobacco (BAT) revealed that it's nearing a "potential" settlement in a multi-billion dollar lawsuit in Canada