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Cash payments above €3000 to be outlawed in Netherlands

rijksoverheid.nl

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Re: Cash payments above €3000 to be outlawed in Netherlands

#41

Post by slashdev »

badpun wrote: post #27
version_five wrote: post #19

Earlier quoted context omitted.

In Canada, and I think the US we cannot cross the border with > 10k in cash (edit: more if you declare it as mentioned below). The law has been there for as long as I can remember, be I sure purchasing power of 10k has gone down by at least a factor of 4-10 over the life of the law. All regulation type laws need sunset clauses and all dollar amounts should be inflation linked. The government shouldn't be able to scam…

I think you can, you just must declare carring the cash if it's more than $10k.

What happens if you declare it? Could they confiscate it without due process, like the police can in many states?

Re: Cash payments above €3000 to be outlawed in Netherlands

#44

Post by mrmanner »

potatototoo99 wrote: post #10

There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.

> Remember: A trader in the EU is not obligated to accept more than 50 metal coins for the same payment.

I shall try and remember that.

Re: Cash payments above €3000 to be outlawed in Netherlands

#45

Post by seydor »

sakisv wrote: post #32
potatototoo99 wrote: post #10

There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.

Wow Greece has a limit of 500 euro, but: "There is no cash limit for car purchases" wth? EDIT: Also this something that I didn't know about the UK > With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.

The most corrupt countries tend to have the worst limits. In greece for example real estate sellers will try to officially declare a price much lower than the real one to the taxman, taking the rest in cash under the table. That's why there are government-appraised, official "objective" prices according to which real estate is taxed

Re: Cash payments above €3000 to be outlawed in Netherlands

#46

Post by mistrial9 »

frankzander wrote: post #11
dudul wrote: post #2

Can't read Dutch, but I'm pretty sure there is a version of "muh' terrorism!" in there.

They have a cocain problem there ...

vice in many forms is a problem, of a certain degree. Justice has long held a principled view that punishment must be proportional to the crime. Social studies and medical literature go further and find that moral behavior does not respond to command and control.

With that said - are reasonable people suggesting that restricting private wealth is a social response to vice?

Immediately think to yourself, in a wealthy society, this institutionalizes third party oversight of individual money. Who benefits from that today? Now, who might be pushing this kind of legislation ?

This is not the path forward in a free society.

Re: Cash payments above €3000 to be outlawed in Netherlands

#49

Post by hef19898 »

sakisv wrote: post #32
potatototoo99 wrote: post #10

There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.

Wow Greece has a limit of 500 euro, but: "There is no cash limit for car purchases" wth? EDIT: Also this something that I didn't know about the UK > With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.

That's because a lot of used car sales p2p, and in cash. Reason being, normal people usually do not have terminals to pay by card (which has limits as well), and doing a wire transfer is somewhat risky. Either because the seller is left without money nor a car if the wire transfer is stopped by the buyer, or the buyer is left without a car and money, if the wire transfer goes through but zhe car doesn't show up. Sure, that can be resolved, but it is a major pain. Exchanging cash for keys and papers so is saver for everyone involved. And depending om zhe car, the amoints can he pretty high.

Car dealers, used or new, are different so.

Re: Cash payments above €3000 to be outlawed in Netherlands

#50

Post by adventured »

slashdev wrote: post #41
badpun wrote: post #27

Earlier quoted context omitted.

I think you can, you just must declare carring the cash if it's more than $10k.

What happens if you declare it? Could they confiscate it without due process, like the police can in many states?

If you don't declare it, it's guaranteed to be confiscated until you prove a legitimate purpose for the > $10,000.

Federal authorities generally have a higher standard of behavior than local or state police, although obviously not in every instance. If you try to cross the border with $500,000 declared, they may have some questions for you.

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