- Sales tax compliance is often overlooked compared to income tax
- Unscrupulous vendors often collect sales tax but do not remit it
- High-priced goods and tangible personal property are common targets for sales tax crimes
- CEO Dennis Kozlowski of Tyco International was convicted of avoiding millions in sales tax on high-end art
- States collaborate to identify and investigate sales tax crimes
- The financial impact and criminal sentence for avoiding sales tax can be devastating
Source: taxconnex.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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