OECD takes aim at software technologies used by businesses to evade taxes

Electronic cash registers and other point of sales systems in retail stores and restaurants are generally assumed to contain accurate information but once they are equipped with specialist “sales suppression” software, they can be used to facilitate elaborate tax frauds. This poses a major risk in all countries and results in governments losing billions in tax revenue. It has been estimated that sales suppression in Canadian restaurants alone could amount to $2.4 billion in just one year.