Canada Sues Cigarette Firms for Lost Revenue
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From Reuters
Canada filed a civil lawsuit against several tobacco companies to collect “substantial” revenue Ottawa says it lost because of cigarette smuggling in the 1990s.
The civil suit names R.J. Reynolds Tobacco Holdings Inc. and Japan Tobacco Inc., along with affiliates including JTI-Macdonald.
Canadian authorities alleged in February that JTI-Macdonald and three U.S. concerns evaded $870 million in taxes by smuggling Canadian tobacco products from the United States back into Canada from 1991 to 1996.
The companies have denied wrongdoing.
From Reuters
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