Penalise those who purchase bootleg goods, retail group says
on 30/09/2013 07:41:13
It said new measures are needed in order to address the black market in Budget 2014.
A recent report estimates the loss to the exchequer at around €400m each year.
The organisation claims there are number of measures that could be introduced - including a freeze on excise duties and taxes - to prevent the price between legal and illegal products from widening and increased penalties for those convicted.
Retail Ireland Chairman Frank Gleeson said a consumer awareness campaign is also needed to inform people of the damage of black market purchases.
"We need a consumer awareness programme to inform people that they're damaging the public finances, and they're damaging their own finances- because [there will be] more taxes for people if this tax isn't collected from legitimate sources."