UK Arrests Five For Selling 'Dodgy' Point of Sale Software

Tax authorities from Australia, Canada, France, the UK and the USA have conducted a joint probe into 'electronic sales suppression software' -- applications that falsify point of sale data to help merchants avoid paying tax on their true revenue. From a report: A Friday announcement from the Joint Chiefs of Global Tax Enforcement (known as the J5), states that the probe 'resulted in the arrest of five individuals in the United Kingdom who allegedly designed and sold electronic sales suppression systems internationally.' Those responsible allegedly started to export their wares during the COVID-19 pandemic.

'These dodgy sales suppression tools allow retailers to keep a separate set of books and launder the money in one transaction,' explained J5 chief and Australian Taxation Office deputy commissioner John Ford. 'They conceal and transfer this income anonymously, sometimes offshore.'

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