4 ms·
This is a bit more than just red tape madness, it's a strategy to make businesses more transparent. This is about trying to reduce non-reported transactions and
by District5524 1y ago
This is a bit more than just red tape madness, it's a strategy to make businesses more transparent.
This is about trying to reduce non-reported transactions and too many people dodging their reporting. Even if the rules for cash registries and reporting are detailed,
a) that's not really expensive for businesses - it's easy to automate and there are quite a number of competitors;
b) compared to accounting and tax rules, they are dead simple.
Receipts or invoices are the basis for a firm's whole economic activity, including the underpinning of their financial reporting, their tax burdens etc. And businesses failing to provide receipts erodes not only the tax base, but also any rights a consumer may have.
- mytailorisrich 1y agoThe thing with red tape madness is that it is always perfectly justified.