NY Lawmakers Push Punishments For Tax-Zapping Businesses

Law360, New York (June 05, 2012, 7:41 PM ET) -- New York lawmakers, concerned that consumer-fleecing technology used by merchants to erase taxable transactions could be costing the state billions of dollars and that fraudsters aren't being punished, pushed a law containing heavy fines and possible prison terms for so-called tax-zappers on Monday.

Connecticut, Florida, Georgia and Illinois have recently passed anti-tax zapper laws, and the nearby jurisdiction of Quebec, Canada has recovered more than $400 million annually by installing more a draconian “black box” system that makes it difficult to use the tax-evading technology, according to the...
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