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Surely there are better ways to achieve this. Off the top of my head: * Force business to accept electronic payments. * Reduce the number of ATMs * Limit ATM
by ukoki 7y ago
Surely there are better ways to achieve this. Off the top of my head:
* Force business to accept electronic payments.
* Reduce the number of ATMs
* Limit ATMs to lower denomination notes
* Increase VAT for cash payments
- tonyedgecombe 7y agoOnly allow businesses to offset tax against non cash expenses. You need something that will ripple through the system and encourage good behaviour.
- jbverschoor 7y ago- Improve mobile network - Force limits on transaction fees - Force banks to protect consumers with phishing, fraud and other scams - Lower taxes, and they will now be collected
- chrisseaton 7y ago> Increase VAT for cash payments People don't pay VAT on cash-in-hand payments, though do they?
- tomcooks 7y agoIn most EU countries they do, it's included in the final price. To find out whether the VAT money goes to the state as VAT or gets "forgotten" in the merchant's pockets is left to the student as extracurricular work.
- chrisseaton 7y agoHave you seriously never had anyone offer you a 'discount' for a cash payment? Why do you think they're doing that?
- icebraining 7y agoI live in a southern EU country, and that's very rare here, in my experience. The only cases I can think of in the last decade were home repair people. Even car mechanics stopped doing that.
- chrisseaton 7y agoThis article is about how evading tax is not very rare in places like Greece.
- tomcooks 7y agoWhen under the table payments are the norm obviously no one would give you an incentive. I would agree with you in a place where everything is cleared in books, like the stereotypical northern Europe.