Fake Goods Cause Economic Losses [analysis] (allAfrica.com)

The impact of counterfeit and substandard goods, invariably, hurts the economy occasioning dwindling government revenues. The government, for example, loses between 540 and 900 billion shillings per year due to tax evasions that are related to counterfeit and substandard goods. Counterfeit and substandard industrial products continue to flood the Tanzania’s domestic market. They continue to cause…