source and transit point for illicit narcotics and more info precursor chemical substances certain for Europe, Africa, Southeast Asia, and North America; in 2020 India exported about $19 billion of illegal pharmace

[ten] Additionally, the extent of regressive mother nature of an indirect tax depends on the type of indirect tax.  Empirical evidence indicates that excise taxes are generally speaking extra regressive than VAT. This could be attributed to The truth that excise taxes are levied on goods like Alc