2020 – A Tumultuous Year in Review

Nicola Sudan · Editor

Phew! What a year 2020 was! A year which had a profound, and mostly adverse effect on almost all countries and industry sectors – including those sectors concerned with excise administration and controlling the illicit trade of excise products.
In the tax stamp world, the year started off normally enough, though, with the usual opportunities and challenges that we are mostly familiar with.
We heard from the International Tax Stamp Association (ITSA) and other industry experts declaring that ‘the start of the new decade heralds an opportunity to capitalise on emerging technology applications that can link stamps to digital traceability systems,’ and ‘the potential for tax stamp growth has risen in line with greater government scepticism about the tobacco industry being able to effectively control its own supply chain, which could increase the number of agencies seeking to introduce secure marking and traceability solutions’.

2020 – A Tumultuous Year in Review

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