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> I really don't see any reason why you would need 10k€ cash payments if not for tax evasion. To avoid banking fees?
by orthoxerox 4y ago
> I really don't see any reason why you would need 10k€ cash payments if not for tax evasion.
To avoid banking fees?
- TillE 4y agoThere are no fees for bank transfers in Europe.
- yrgulation 4y agoThere are. Not international fees as such but there are bank to bank fees.
- lultimouomo 4y agoI have not seen a SEPA wire transfer cost more than 1€ since SEPA wire transfers have existed. Which would make the fee at most 0.01% for >10k€ payments.
- yrgulation 4y agoRegardless of how small the fee, there is a fee that you are being forced to pay.
- lultimouomo 4y agoThe most that I have ever payed is 1€. I have been paying 0€ for the last 5 years or so. Is that still a fee? "Oh lultimouomo", you say, "the were transfer might be nominally free but sure having a bank has other costs involved". No fixed cost, yrgulation, so by the very fact of having a bank account, depositing money in it and taking it back by wire transfer or ATM you are never paying a fee. Also, cash has a cost. You risk being mugged, you risk getting a wrong change by the cashier, the store risks a robbery / break in (and most often pays expensive insurance to protect itself against this)
- Symbiote 4y agoA fee of €0.50 would be on the high side for a transfer of €10000.