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High Cigarette Excise Tax in NYC Results in Flourishing Black Market
Monday, May 6, 2013 - 10:43am | 611When it comes to cigarettes, taxation as a means of social engineering only benefits the black market. So said National Association of Convenience Stores (NACS) Senior Vice President, Lyle Beckwith in a USA Today Op-Ed. The latest statistics seem to bear this out. The Huffington Post, in a...
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Goldman Sachs Maintains Buy Rating On PM
Tuesday, June 14, 2011 - 8:42am | 108Goldman Sachs is maintaining its Buy rating and its $74 price target on Philip Morris International (NYSE: PM) in spite of minor price cuts taking place in Spain. Says Goldman Sachs, in the report, “Imperial Tobacco issued a profit warning today in response to the recent price cuts in Spain....