Unregulated products and counterfeit goods are a growing menace that threatens public health, safety, and government revenue. They not only deprive governments of crucial tax income but also undermine legitimate businesses and put consumers at risk.
Traditional tax collection and product verification methods are often insufficient to counter illegal schemes, leaving loopholes that criminals can easily exploit. Without an effective system to ensure proper taxation on all products, public trust and financial resources are significantly impacted.
Authentik offers a powerful solution to combat tax evasion. It involves unique, tamper-evident stamps that provide full visibility across a brand’s supply chain, enabling government agencies to ensure every product in the market is verified and compliant with tax regulations.