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EU-wide maximum limit of €10K for cash payments

consilium.europa.eu

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Re: EU-wide maximum limit of €10K for cash payments

#121

Post by wizeman »

jeltz wrote: post #80
tgv wrote: post #31

Earlier quoted context omitted.

Crime. Not that difficult, is it?

Yeah, I am a bit worried that we may be too harsh but these laws combat real issues in our society.

> Yeah, I am a bit worried that we may be too harsh but these laws combat real issues in our society.

Well, there are many other ways to combat these issues without treating innocent citizens as criminals unless they prove they are innocent.

Believe me, I've been on the receiving end of these laws despite never having done anything illegal, which means that my financial privacy has now been ruined several times and as a consequence, my security and safety and that of my family is now at risk, forever.

Re: EU-wide maximum limit of €10K for cash payments

#123

Post by tgv »

flandish wrote: post #24
tgv wrote: post #9

Earlier quoted context omitted.

If you can't explain where it comes from. Otherwise, it's yours to do with as you please.

Get the boot out of your mouth. If cash is legal tender, then any amount is, by default, legal. This law makes it not fully legal tender (after amount X). It is disgusting. Stop pretending the government (any) has the “average” man’s best interest. Stop pretending they care.

That's not what legal tender means, and the expression "boot out of your mouth" is a new one to me. Perhaps you meant the more derogatory "foot out of your mouth"?

Re: EU-wide maximum limit of €10K for cash payments

#124

Post by ElKrist »

eastbound wrote: post #64
roenxi wrote: post #40

Earlier quoted context omitted.

Every time the Australian government does something authoritarian I double my Monero holdings (I'm about to have to give that strategy up :[, unfortunately). If the government starts spinning out of control to the point where people actually need to start dodging these invasive financial laws, those gold coins are going to get seized.

France requires that you declare all funds or “digital accounts” (assets, not only currencies) owned overseas, and made it legal to impose a one-off seizure on all accounts above 100k€ overnight, like they did in Cyrpus. The world behaves as if countries were going to seize all privately-owned assets and make you live on salary.

" and made it legal to impose a one-off seizure on all accounts above 100k€ overnight" please give a source or at least detail the conditions it can be applied. The way you phrase it sounds like it can be completely arbitrary

Re: EU-wide maximum limit of €10K for cash payments

#126

Post by retinaros »

gattilorenz wrote: post #63
throw_m239339 wrote: post #45

Earlier quoted context omitted.

10000€ will soon be 5000€, then 2500€... make absolutely no mistake it's all about replacing cash with "Digital Euro", something the EU will have entire control on.

Ah, good ol’ slippery slope arguments

dont worry others will fight so that you too can be free to take your blue pill

Re: EU-wide maximum limit of €10K for cash payments

#127

Post by cm2187 »

oxff wrote: post #38

Nothing to do with "fighting corruption" (or else a literal convicted felon wouldn't be head of ECB, - lol, lmao even) they just want to monitor you more.

It's a form of social credit system, china style. You cannot live without a bank account these days, but if you piss off the governemnt, they will take it away from you, like Trudeau did.

I am sure there are some benefits to living into this system, doesn't mean it's a good idea to do it.

Re: EU-wide maximum limit of €10K for cash payments

#128

Post by retinaros »

freefaler wrote: post #112

The EU "government" (a non-directly elected entity) is predictably trying to enforce tax rules. Even worse is the minimum tax on profits that targets the poorer members by removing one of the ways they can compete with bigger ones. "...No Ireland, you're not allowed to have low taxes, we the guideposts of EU - France and Germany tax our people and companies up to 30-45%, what's that meager 10% tax you're giving them?…

tax rates in ireland are 20-40% for employees. yes they make it cheaper for billion dollar valued companies.

Re: EU-wide maximum limit of €10K for cash payments

#130

Post by andai »

defrost wrote: post #6

It's a spreadng practice. Australia is introducing (or may have already passed?) a similar Act with an AU $10K limit on "unapproved" cash transactions. Over the limit you'll need approval. Of course the usual loophole for the weathy applies, 3x $3,000 face value gold bullion coins [1] is under the cash transaction limit, although at a kilo each and ~$88K per in valuae, that's almost $300K in value technically under a…

Note: $10,000 AUD is ~€6,500
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