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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

#231

Post by ilyt »

motohagiography wrote: post #127

They can't control the black market in drugs, what makes them think controlling a black market in cash , which is a million times more desirable, will be any more successful? There's the small matter of millions of undocumented migrants entering Europe who will be trapped in this now-illegal-cash underclass, and these financial oppression laws just incentivise and create criminal networks to facilitate basic economy.…

> They can't control the black market in drugs, what makes them think controlling a black market in cash, which is a million times more desirable, will be any more successful?

Well, for one, they control cash production

> It's not a lot of money, and given inflation, diminishingly so. This is targeted at law abiding smallholding farmers where roadside transactions are often done in cash and farmers everywhere have a lot of tax relief precisely because they provide food security for nations - and it's to the benefit of criminal networks to top it off. The architects of this policy are disgusting.

Do you have any actual example of that ? What transaction do small farmers need to do along roadside for thousands of eur ? As kid of small farmer I don't remember anything like that ever happening.

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

#232

Post by declan_roberts »

xxs wrote: post #115
Y_Y wrote: post #110

Earlier quoted context omitted.

In Ireland, for example, it is possible (and popular) to receive state pensions in cash.

Point taken. Wouldn't that make elderly people an easier target for assaults?

Probably harder to steal their cash than for a hacker to phish their bank accounts.

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

#233

Post by triceratops »

throwaway2037 wrote: post #166
SileNce5k wrote: post #88

Earlier quoted context omitted.

Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.

I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?

It's your money, to be spent as you wish.

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

#234

Post by mikrl »

throwaway2037 wrote: post #166
SileNce5k wrote: post #88

Earlier quoted context omitted.

Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.

I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?

You:

>what are some good reasons to allow

Me:

>what are some good reasons to ban

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

#235

Post by jaclaz »

jWhick wrote: post #93
potatototoo99 wrote: post #15

Earlier quoted context omitted.

Spain's 1,000€ may be the most restrictive, close to Romania's 5,000 lei.

I'm quite sure they are not enforcing it since i was traveling to and walking with across spain with much more.

There are different (distinct) laws.

You cannot enter any EU state with more than the equivalent of 10,000 Euro cash unless you declare the amount at the point of entrance.

If border controls finds you with more than 10,000 Euro you will have to pay a fine.

Then you can walk with any amount of money, but when you pay for something there is a limit (500 in Greece, 1,000 in Spain, 5,000 in Italy (was 2,000 in 2022), no limits in Germany, etc.) to any single payment in cash.

And there is usually a provision prohibiting "artificial fractioning" of payment, i.e. in theory if you buy something worth 1,200 and the limit is 1,000 you cannot pay that with two invoices/receipts 600 Euro each.

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

#236

Post by sigzero »

thereddaikon wrote: post #202
throwaway2037 wrote: post #166

Earlier quoted context omitted.

I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?

I'm not a european but I do have an example. A few years back I purchased a project car in cash. I don't carry checks, who does anymore? And my bank would have given me grief trying to transfer an amount that large at once. I had tried before and it would trigger their fraud detection and give me headaches. Its good its there but can be a barrier when I'm just trying to buy something. So going to branch and withdrawi…

Easy workaround is that you do more than one cash payment.

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

#237

Post by ilyt »

willcipriano wrote: post #157
bluescrn wrote: post #5

Give it a decade or two of inflation, and that's cash effectively outlawed

Works with technology as well, the speed limits in your neighborhood were probably set when cars had drum brakes and poor visibility.

The reflex of people didn't got faster so while some could probably use some reasonable bump it's not as much as you think.

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

#238

Post by fearlessconcu »

MarkSweep wrote: post #34
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…

You can cross the US border with more than $10k, you just have to report it: https://www.cbp.gov/travel/international-visitors/kbyg/money But I agree with the general principal that this should be inflation indexed.

> You can cross the US border with more than $10k

To be honest, just because you can (legally), doesn't mean you should (do it). Carrying cash in the US is dangerous, and not just because of regular street thugs.

https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United...

They do not need to prove anything to seize your money. Stealing from people carrying too much cash on them has become a national past time of the police in the US. There are police departments that rely on this to provide them with funding :

https://harvardlawreview.org/print/vol-131/how-crime-pays-th...

> In some Texas counties, forfeitures fund nearly 40% of police budgets.53 The Cook County, Illinois state’s attorney’s office’s 2016 budget anticipated $4.96 million in forfeiture revenues, which it earmarked to pay forty-one full-time employees’ salaries and benefits.54 But forfeiture proceeds are not just used for policing activities; with little accountability, law enforcement officials have also spent them on extravagancies like expensive dinners, parties, and personal expenses.55

> As a result, the decision to pursue a forfeiture is often governed not by justice, but by “department wish lists.”56 Police civil forfeiture trainings include instruction on “maximizing profits, defeating the objections of so-called ‘innocent owners’ . . . , and keeping the proceeds in the hands of law enforcment.

It's often talked about here :

https://news.ycombinator.com/item?id=36975143

> And over time, across all 50 states and the federal government, those small sums add up: between 2000 and 2019, according to IJ’s calculations, authorities seized roughly $69 billion from people, most of whom were not even charged with a crime.

All it takes is "mmh, this guy has suspicious cash, and we need some funding, let's steal it and say it must have come from drug deals, while not actually charging the owner with any crime".

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

#240

Post by Hamuko »

throwaway2037 wrote: post #166
SileNce5k wrote: post #88

Earlier quoted context omitted.

Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.

I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?

My dad bought a 20k€ car in another country with cash because the bank transfer would've taken too long.
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