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I am from a country where there are 2 economies. One above water and one below. Cash allows you to hide revenue. You do not forward the sales tax / VAT of the
by OptionOfT 2y ago
I am from a country where there are 2 economies. One above water and one below.
Cash allows you to hide revenue. You do not forward the sales tax / VAT of the item you sold, and you don't declare the revenue of the cake.
Added to that you need the cash to pay your suppliers, as they need cash to pay their employees partially in cash, as employment taxes are sky high.
- devilbunny 2y agoOh, absolutely that happens here too. But why would you want a bunch of heavy coins when you could make them no longer relevant? Paper money is much more compact.