Tax zappers are helping some restaurants and bars skim an estimated $30 billion dollars in sales tax annually. The tax zapping software is installed in cash registers, or other point-of-sale devices, and can help make certain items disappear from a restaurant’s sales receipts. Tax auditors say the businesses that use zappers report less in sales than they actually bring in, cheating governments out of their share of the tax revenue. In this video, Richard Ainsworth, an adjunct professor at New York University School of Law and an authority on tax fraud, explains what tax zappers are, how they work, and how to put an end to them.
Jan. 19, 2022, 4:33 PM