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by kalleboo 2561 days ago
I believe that sometimes there are regulatory requirements to print receipts (as a transaction without a receipt is more likely to be cash-in-pocket tax avoidance).

My parents lived in Greece during the financial crisis, and at the time the tax agency would randomly audit people and require them to present 25% of their yearly income in the form of receipts. This was introduced as a way to get consumers to ask vendors for receipts (as a way to force them to input sales into their cash registers and book them as income)

2 comments

> I believe that sometimes there are regulatory requirements to print receipts (as a transaction without a receipt is more likely to be cash-in-pocket tax avoidance).

Though it is quite ironic that most original receipts don't last long enough for any audit purposes. In Australia businesses need to keep all receipts for 7 years (and for individuals it's 5 years), for tax audit purposes. But I have yet to encounter a paper receipt which lasts more than 2 years.

Yeah thermal paper is pretty terrible. Also make sure you don't forget one on the dashboard of your car on a hot sunny day... At least where I live scans of receipts are accepted so I just scan everything
Since we live in the future, they could just e-mail the receipt directly to the guy who checks their tax returns.