Big Tobacco, Big Tax Avoidance
November 02, 2020
As COVID-19 sweeps across the globe and ravages public finances, governments are looking for innovative ways to fund COVID-19 relief without adding pressure to already suffering economies. Meanwhile, Big Tobacco pays as little in profit-related taxes as possible while selling deadly products known to exacerbate the effects of COVID-19.
In a new analysis, The Investigative Desk and the University of Bath, a partner in STOP, found that Big Tobacco uses five key methods to avoid taxes. Those taxes could be used to fund COVID-19 recovery or strengthen public health systems, but instead they are enriching a nefarious and deadly industry.