Authentix—providing solutions to the spirits industry for excise tax recovery and brand protection
For many governments, excise taxes on spirits are significant sources of revenue. However, criminal activities such as diversion, smuggling, and excise tax evasion contribute to significant tax losses. When these tax revenues are stolen, they don’t go to their intended sources of funding and in some cases, these stolen revenues have been shown to fund criminal and terrorist activities.
For brand owners, incidents of spirits counterfeiting pose serious health risks to citizens and potential revenue loss.
Authentix provides governments and brand owners with solutions to effectively authenticate goods being sold, ensuring that expected tax revenues are collected while minimizing risks to consumer safety. With our extensive experience in the spirits industry, Authentix is the partner of choice to solve drinks industry illicit trade problems, including counterfeiting, dilution, refilling and diversion.