In addition to increased revenues that can help close state budget gaps, governments that adopt SICPA’s encrypted tax stamp and track-and-trace solutions can realize numerous advantages, including protecting public services and funding necessary capital expenditure projects. Strengthening law enforcement capabilities to reduce the black market sale of excise-tax-bearing products will also help decrease funds for organized crime and terrorist groups.
But achieving results requires the combined efforts of federal and state governments, business leaders, and concerned citizens to recognize the need for better systems to implement advanced tracking and tracing solutions, such as the SICPATRACE® system, to determine illicit and untaxed products.