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Many problems. Easily circumvented by switching to something that doesn't automatically lose value: cryptocurrencies / stamps / gold. Or even more trivial - ot
by bufferoverflow 7y ago
Many problems.
Easily circumvented by switching to something that doesn't automatically lose value: cryptocurrencies / stamps / gold. Or even more trivial - other country's currency.
You want ALL cash businesses in the country to buy and install some equipment they don't want to buy, and then train their employees to use it properly. Very expensive proposition to the economy, and very profitable for the manufacturer. That's a recipe for corruption.
- fvv 7y agosure but yours are workaround to evade taxes that already exists and that are already tracked.. I'm not saying that there are no other way to evade taxes.. I'm saying that this way fight the cash-money tax evasion. you can always barter with something and no one will ask VAT over that.. But saying that you can barter doesn't mean that you cannot find a way to fight tax evasion on cash-bills ( also states already fight that in other ways that seems not working anyway ) All business have already the BankNotechecker, all business in italy MUST have by law a POS ( to accept credit cards payments ) this is a new feature that can be applied over a POS or BankNotechecker or I'm saying even a smartphone.. I don't know where the corruption can leverage if the state provide an android app to check&validate banknotes