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Authentix, The Global Leader in Excise Tax Recovery Programs
For many states and countries, excise taxes on fuel, tobacco and spirits are significant sources of revenue. However, criminal activities such as counterfeiting, smuggling, and diversion contribute to significant tax losses.
When these tax revenues are stolen, they don’t go to their intended sources of funding tax relief programs, healthcare and infrastructure. In some cases, these stolen revenues have been shown to fund criminal and terrorist activities. As a result, governments lose millions of dollars in tax revenue and the welfare of their citizens is threatened.
With its Excise Tax Recovery Programs, Authentix provides Government authorities with a method to effectively authenticate and track goods being sold, ensuring that tax revenues are optimized without increasing the tax burden.
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