5 ms·
Meanwhile, in the eastern parts of the EU, it’s totally common to transact tens of thousands of Euros in cash, with lawyers preparing the contracts and observin
by biztos 5y ago
Meanwhile, in the eastern parts of the EU, it’s totally common to transact tens of thousands of Euros in cash, with lawyers preparing the contracts and observing the counting of the cash, especially for real estate.
Less common but not exactly rare in Spain, I would assume also Greece and Portugal. Can’t comment of France but in Germany it would be really weird, though probably legal.
- em-bee 5y agothere is a tv show in germany where people are selling rare art-works to dealers which routinely hand over 10000-20000 euro in cash. still unusual, but it's definitely happening.
- fy20 5y agoI'm building a house, and throughout the process have kept petty cash of €10k for when we receive a bill. Most people will accept a bank transfer, but you need to pay extra - suspiciously the extra amount is always equal to the amount of income tax they'd need to pay ;-) The government have tried to crack down on this by increasing ATM fees and imposing daily limits, but I don't think it will really change anything.
- MichaelZuo 5y agoDo the tax authorities just accept that home building contractors pay close to zero net taxes year after year?