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Description

Excise taxes can fall into one of two categories: Ad Valorem Taxes : Excise taxes that are fixed percentage rates assessed on particular goods or services Specific Taxes : Excise taxes of a fixed dollar amount applied to certain purchases In some cases, governments levy excise taxes on goods that have a high social cost, such as cigarettes and alcohol

Corojo Developed in Cuba and now grown in Honduras and the USA

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Ultimately, the end result from both their more sophisticated schemes and their dalliances with illicit trade are the same monies lost to the state, and us as taxpayers having to bear more of the tax burden