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in a $47 billion deal that would create the worlds largest publicly traded tobacco company and attempt to make up for a decline in smoking in the US and Europe

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The BAT marketed and sold products to areas outside the United States and the United Kingdom, especially India, China, and the British dominions

Assuming that other states do not change their cigarette excise taxes,[] and using Michigan's 2006 cigarette sales figures, we would estimate that another 5-cent increase in the cigarette excise tax would result in a drop in legal cigarette sales of 683,500 packs from an increase in casual smuggling alone