Cheap Cigarette Biz Busted
Smoke cigarettes, and you'll pay the price--especially if you're in New York City.
Island Smokes, a business that allows patrons to roll their own cigarettes, has two locations in New York (one in Long Island, the other in the Lower East Side), but has agreed to shut down its business in order to avoid a lawsuit from the city. The stores will be closed by February 1.
The business was allowing New Yorkers to pay under $5 for a pack of cigarettes, which the city claimed was a form of tax evasion. The success of the suit will likely serve as a deterrent to other companies that are looking to cash in people looking to avoid high-priced and highly taxed goods.
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