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There is a very similar situation in Germany. The reason behind this is that you can use older POS systems for tax fraud (I never fully understood the details),
by choeger 5y ago
There is a very similar situation in Germany. The reason behind this is that you can use older POS systems for tax fraud (I never fully understood the details), which apparently was quite a thing amongst smaller businesses. The tax authorities then demanded a perfect chain of paper records (apparently the paper recipe contains some kind of a reference to earlier transactions). Bizarrely, they actually asked customers to keep these receipts which pretty much no one really did, but it was a public topic for a couple of weeks.
German source:
https://www.bundesfinanzministerium.de/Content/DE/FAQ/2020-02-18-steuergerechtigkeit-belegpflicht.html#doc0926b642-b4d2-41cb-8fac-90bbf815fcbcbodyText9 https://www.bundesfinanzministerium.de/Content/DE/FAQ/2020-0...
- developer93 5y ago"It uses blockchain" eyeroll
- tacker2000 5y agoOn old POS systems you can just roll back the transactions and put the cash in your pocket, as if it never happened…