While many tax stamp programmes in operation today are delivering significant benefits (including increased tax collections), other programmes are not so successful. Why is this?

Never a dull day in Latin America! The recent general election in Argentina saw flamboyant libertarian Javier Milei ascend to the presidency, with a promise to re-invent the Argentine economic wheel by eliminating not only the Argentina peso, but also many ministries and thousands of government employees.

Secure marking and excise taxes operate hand in glove. But excise duties usually account for a small percentage of countries’ overall tax take.

Optel Group was a welcome addition to the Tax Stamp & Traceability Forum™ this year as it brought a different emphasis to the table when it comes to tax stamp solution delivery. Dr Foued Barouni, Solutions Manager, presented a paper explaining how high-speed production conditions affect the way tax stamp compliance could be delivered.

According to high-security printer Royal Joh Enschedé (RJE), the humble postage stamp is undergoing a phenomenal digital transformation.

The growth of informal economic activity has become a challenge throughout the Latin American region. To address this, the Swiss-Chilean Chamber of Commerce recently held a webinar to discuss the challenges of informality (in employment, government, taxation), as well as the actions that policymakers, in the region and elsewhere, could take to halt an increasing trend resulting from the COVID-19 pandemic.

In the January issue of Tax Stamp & Traceability News™, we launched a new series on the use of tax stamps and associated track and trace systems in different regions of the world, starting with Africa. This month, we shift the focus to Asia and Australasia.

In 2019, more than 25 people died in a single case of alcohol poisoning resulting from methanol-laced alcoholic drinks. Soon thereafter, the government closed over 10 establishments and seized 55,000 containers of the killer alcohol.

In last month’s Tax Stamp & Traceability News™, we launched a new series on the use of tax stamps and associated track and trace systems in different regions of the world, starting with Africa. This month, we shift the focus to the Middle East.

We kick off 2021 with a new series on the use of tax stamps and their associated track and trace systems in different regions of the world – starting with Africa. The series provides a summary of the quantitative and qualitative analysis of tax stamp usage, together with country profiles, which formed a significant part of Reconnaissance’s recently released report ‘Tax Stamps & Traceability: A Market Analysis and Technical Update’.