$30 Billion Zapped Away With Tax Cheating Software

$30 Billion Zapped Away With Tax Cheating Software

Assessment

Interactive Video

Business, Social Studies, Information Technology (IT), Architecture

University

Hard

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The video discusses the issue of sales skimming by businesses using zappers, software that erases transactions to avoid taxes. It highlights the impact on tax revenue, with examples from Minnesota and the IRS. The video explains how zappers work, the steps involved in using them, and the challenges in enforcing laws against them. It also explores solutions like Quebec's reverse zapper and addresses privacy concerns related to real-time data collection.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How have some governments responded to the issue of tax evasion through zappers?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do people have regarding the monitoring of sales data by the Department of Revenue?

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