Fighting the Shadow Economy
The financial crisis gave governments worldwide a powerful incentive to tackle the "shadow economy." This parallel market includes all unreported and hidden economic activity, which costs nations vast amounts in lost tax revenue.
Point of sale (POS) and transactional devices pose an especially high risk for tax noncompliance and efficient tax collection. While... digital technology has accelerated the evolution of payment transaction processing, it has also aided those who would commit fraud.
A next-generation, end-to-end, cloud-based fiscal compliance solution based on Intel® technology equips you with the ability to securely enhance the collection of value-added sales tax (VAT) for retail transactions.