Cash payments above €3000 to be outlawed in Netherlands

Post by throwaway2037 » Thu, Aug 24, 2023, 3:56 AM UTC

mywittyname wrote: post #665

halfdan wrote: post #241

Earlier quoted context omitted.

And you clearly want to carry 3000+ EUR in your pocket than paying by card? Europe is safe, but I will definitely not walk around with that much cash on my person.

It's not a problem. I regularly pay for four-figure items in cash. Lots of places offer cash discounts at that price point (no CC fees or risk of chargeback). I paid a doctor $5000 in cash once. The first time, it feels a little odd, but then you realize that nobody at the bank bats an eye at you withdrawing a few grand, and $3k in 100s is about the size of a phone in your pocket. Since nobody carries cash, nobody th…

Post by frumper » Thu, Aug 24, 2023, 4:34 AM UTC

throwaway2037 wrote: post #726

frumper wrote: post #650

Earlier quoted context omitted.

What about clawbacks? If someone uses a stolen account to pay me, can that bank get the money back after I've sold the goods?

Any highly advanced economy: yes, there will be fraud protection built into the system. Do you live in a place where this is not true?

Post by mrunkel » Thu, Aug 24, 2023, 4:43 AM UTC

missedthecue wrote: post #516

macNchz wrote: post #198

Frustrating to see more laws like this that can readily throw a wrench in the day to day lives of regular working people, when money laundering and tax evasion at a scale multiple orders of magnitude larger than this is so shamelessly visible in the form of nine-figure real estate transactions, art auctions, and Caymans-based shell corporations.

How does one launder money with a real estate or art transaction? Say I've sold a great amount of cocaine and now have 5 million euro in banknotes sitting in my safe at home. How do I launder this money and make it 'legitimate' using those methods?

Post by PrimeMcFly » Thu, Aug 24, 2023, 4:52 AM UTC

mrunkel wrote: post #734

PrimeMcFly wrote: post #725

Earlier quoted context omitted.

Currently the US, but formerly Australia, Ireland, Scotland, Germany and Canada. I've never had to register my address anywhere unless I have a drivers license.

> Germany You broke the law if you were a resident of Germany and didn't register yourself.

Post by Gud » Thu, Aug 24, 2023, 5:48 AM UTC

JW_00000 wrote: post #512

_zamorano_ wrote: post #465

Earlier quoted context omitted.

Like taxes are fair... You have the freelancers and small business struggling badly in my country, yet the goverment spends millions on nonsensical programs.

But tax avoidance/evasion is not a solution to that problem.