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A big reason for this system is tax. The thought being if all payments in Australia are seamless and instant AND recorded, there will be no need for cash. Busi
by dav43 9y ago
A big reason for this system is tax.
The thought being if all payments in Australia are seamless and instant AND recorded, there will be no need for cash. Business will no longer be able to hide revenue.
They will make up this spend very quickly.
- sumedh 9y ago> there will be no need for cash. There will always be need for cash, business who want to pay employees cash in hand and employees/immigrants who are desperate for jobs will accept less than minimum wage in cash
- nickonline 9y agoneither of these are acceptable government business reasons to keep cash