Exact(58)
But slashing government spending in an already stalled economy weakens anemic demand, leading to lost output and lost tax revenues.
"This is the underappreciated real cost of OFCs, rather than lost tax revenues," says Mr Desai.
State officials are concerned about the ripple effects throughout the economy, including lost tax revenue.
By taking it out of the black market, we can get the lost tax revenues.
Not because of the lost tax but because, well, it was such a waste.
The lost tax revenue would be offset by reducing direct foreign aid by the same amount.
The tax expense arose as some of older factories lost tax exemptions.
This could cost developing countries £4bn a year in lost tax revenue, according to ActionAid estimates.
"It's more than just lost tax revenues for the city," said Jeffrey Golkin, a tax lawyer.
Prosecutors said the potential lost tax revenue from the cigarettes was more than $1 million.
That could cost Monticello $500,000 to $800,000 a year in lost tax revenue.
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