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Incidentally, a new law was just passed here in Italy to reduce the maximum amount a transaction can legally be made in cash. That is mostly to contrast tax eva
by danmaz74 14y ago
Incidentally, a new law was just passed here in Italy to reduce the maximum amount a transaction can legally be made in cash. That is mostly to contrast tax evasion, but the same logic applies to corruption, I guess.
- GFischer 14y agoThis sounds like an awful law and I would strenuously argue against it if it was proposed in my country. http://www.businessweek.com/magazine/italys-cap-on-cash-payments-12082011.html http://www.businessweek.com/magazine/italys-cap-on-cash-paym... The limits are quite low, too. I have a somewhat unreasonable hatred of banks, which stems from some unfortunate incidents - they basically lost my meager money back when I was starting out and they literally left me with nothing to eat for a few days; some unreasonable fees, awful hours, anti-customer service, etc. So so far I've made all my large transactions in cash - I bought my car in cash, for example, U$ 9000. It's actually a tiny pile of money.. I'm pragmatic and I do use all banking services, but I'd love for them to be disrupted (and even had a tiny try at them myself befare I despaired at the humungous amount of red tape)