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What makes ITC interesting is its strategy of using the strong cash flows from its cigarette business to build and grow its FMCG portfolio while investing in sustainable businesses for the long term
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[31] Internal Revenue Service, SOI Tax Stats State Data FY 2021, and SOI Tax Stats Historic Table 2, Tax Year 2019, [32] U.S
On June 20, 1997, a group of state attorneys general announced that they had reached an agreement with the tobacco companies to settle the state tobacco lawsuits.32 Forty-one states and Puerto Rico had sued the tobacco industry seeking to recover the costs, primarily Medicaid expenditures, of treating smoking-related diseases
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