Expanding Tobacco and Alcohol Programmes into New Sectors
In recent years, governments have been expanding the range of goods and services they apply excise tax and regulatory controls to – not only for generating additional revenue, but also to influence consumer behaviour, address public health concerns, and support environmental and regulatory objectives.
At this year’s Tax Stamp & Traceability Forum™, several solution providers described their experience with extending programmes initially developed for traditional excise sectors to a broad spectrum of other products and services.
Let’s look at what they had to say.
Steven Proudfoot – Crane Authentication, and Faruk Remane – CSet
Over the last five years, our government clients have increasingly been approaching us to extend their existing tax stamp, authentication and traceability programmes to a wider variety of new excise categories. These categories range from vapes, oils, coffee, cannabis, and food, to communication devices and timber… to name but a few.
The drivers for this expansion are multi-faceted, but include:
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