August 27, 2014
August 26, 2014
“We are taking a closer look at the cafe, restaurant, catering and takeaway industry because about 40,000 businesses in the industry [nationwide] lodge late,” ATO senior assistant commissioner Michael Hardy.
“The ATO has been able to use the data from contractor reporting in the building industry to identify those businesses in the building trades that don’t have any involvement in sub-contracting, and so are mostly operating in the business-to-consumer end of the market,” Mr Hardy said. “Omitted income is more prevalent in the business-to-consumer end of the market so this information lets us sub-divide the market more carefully.”
The tax authority has been tracking the credit card transactions of almost 1 million businesses. The 275,000 businesses that were targeted were flagged as part of the Tax Office’s wider data-matching program.
Read more about “ATO deploys computers to catch cash economy cheats”: click here
August 26, 2014
BOE: “You can help us fight illegal sales suppression by asking for a receipt when you purchase food, beverages, or other merchandise, especially when you pay with cash. This discourages dishonest businesses from removing or changing sales in their electronic records and helps the BOE identify those businesses who illegally suppress sales.”
BOE documented over 60 cases of zapper activity in California. They are taking this seriously, to find out more click on the “read more” button
Read more: http://www.boe.ca.gov/news/2014/l386.pdf
August 26, 2014
New incentive for consumers raises demand for sales receipts. Many countries have used this method to increase compliance = it WORKS! The simplicity to participate in the raffle depends on the ability and determination of the tax body to use this “inexpensive” method for revenue benefits.
The following article shows the case of Portugal.
August 26, 2014
Fiscal devices in Macedonia, introduced almost a decade ago, are face lifted with gadgets that will provide remote access and improve audit. Such measure will create new momentum for revenue increase as predicted in this article, however the question remains if this solution is long term or not?
Solution is benchmarked from Serbia year ago, however Serbian revenue authority is finding it difficult to do analysis by extract data from fiscal memory alone and demands more. Croatia is now considered as a new benchmark model for the region.
If you want to find out more click on the “Read more” button.
August 25, 2014
After extensive research on the subject, Professor Richard T. Ainsworth managed to bring zappers and phantom-ware to the attention of the OECD. The group formed action team to deal with specifics and came out with several recommendations. See paper on Electronic Sales Suppression.
To be updated…
June 25, 2014
Dutch news.nl reports: The men are suspected of defrauding the tax office out of at least €1.5m through false accounting. Tax inspectors stumbled across the fraud after finding irregularities in the book-keeping of one Super de Boer franchise holder and extended their investigation to other branches.
June 25, 2014
Cash receipts hidden from accounting served as utility to bring large sums of extra income to owners of Nifty Fifty’s fast food chain. PhillyBurbs reports: “Owners plead guilty”.
June 25, 2014
“Flanders Today” about upcoming fiscalization in Belgium.
June 25, 2014
Chicago Tribune: More than one-fourth of Illinois gas station operators have underreported the amount of fuel they sell to the public, allowing them to pocket millions of dollars in sales tax owed to the state.