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Xerox has won a five-year contract to build an electronic tobacco excise management system for the state of Kentucky in an effort to help tax collectors track fraudulent activities.
The company intends for its tax monitoring technology to help the state increase revenue from tobacco products and deter illicit trade, Xerox said Tuesday.
“State governments lose an estimated $5 billion a year due to cigarette smuggling and we are working closely with Kentucky to increase collections on all cigarette sales taxes due to them,” said Rich Bastan, Xerox vice president for the Americas commercial and state government transportation sector.
The Kentucky Department of Revenue will implement Xerox’s automated platform to process tax stamp orders, returns, inventories, reports and shipping invoice, Xerox says.
