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Taking into account packaging costs, logistics, value-added tax (VAT), overall margins, and excise duty, premium products typically offer significantly greater value for your money

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Once opened, always replace the lid tightly after removing pouches

The Civic Federation produces an annual consumer taxes report with additional details on tobacco taxes and other consumer taxes in the City of Chicago

A worked example Parker runs through this with a $10M brand: $10M in annual revenue 10% goes to international customers = $1M in international sales COGS on that $1M is roughly $200K Duty rate is 10% That's $20K in eligible duties per year Times five years: $100K claim A $100K claim on a $10M brand is meaningful