781–790 of 802 posts
Earlier quoted context omitted.
I was there for over a year. I did have a tax number, since I got paid and presumably paid taxes. I never went anywhere just to register my address though. That sounds so insane to me.
Man, I wish I could "presumably" pay taxes like you... :)
Earlier quoted context omitted.
Maybe some notes, but $1 bills are pretty durable. And most places will take them in nearly any condition, although, I did have a merchant in Ocean City, NJ recently that wouldn't take a $1 with a small tear, and I hear merchants overseas do want pristine USD.
I was recently in El Salvador, which uses the USD as an official currency (alongside BTC lol). Despite using dollars, the $1 coins are used instead of notes almost exclusively for that denomination (mostly presidential dollars and some silver Susan B Anthony dollars). I was curious and did a bit of research, apparently the reason is that because day-to-day transactions are done almost entirely in small amounts of cas…
Earlier quoted context omitted.
But people usually do have a terminal to accept payment. If not, they usually just send you an invoice. Makes bookkeeping much simpler for the business too. I have only paid in-person using NFC for nearly 10 years in Norway. I understand that the situation is different other places, but I'm literally not sure what our physical currency looks like now. However, I walked into a store in Spain yesterday that was cash on…
I don’t know much about Norway, but how would you transact during a natural disaster when power or network services are down for an extended period of time? Centralized digital payments fail here as well.
Naturally the mobile phone network, GPRS/3G that POS devices relied on was overwhelmed. And maybe something else went wrong on the banks backend.
So international credit card transactions were hit or miss for half a day. I was happy I had got some local before the earthquake. So I was able to continue the rest of the day with no issues.
Earlier quoted context omitted.
How can you live in Germany without registering an address? Were you just visiting? Registering the address will get you the tax number, which is necessary to be paid. The health insurance (also mandatory when working) would need a registered address.
I was there for over a year. I did have a tax number, since I got paid and presumably paid taxes. I never went anywhere just to register my address though. That sounds so insane to me.
Earlier quoted context omitted.
I was there for over a year. I did have a tax number, since I got paid and presumably paid taxes. I never went anywhere just to register my address though. That sounds so insane to me.
My point being that you get a tax number after your first address registration ("Anmeldung einer Wohnung")
Still a crappy system.
That's been the case for years in Belgium. I like cash, and use it whenever I can. But I can't say this limit ever affected me in any way. Largest cash transaction I ever did wasn't even half that. You can't even get your hands on that much with ease anymore. ATMs are capped at less than that. Most (all?) banks will refuse to hand you that much cash. Unless you run a business which accepts a lot of cash, the odds of…
That’s flat out unacceptable. It’s your money. If you walk into a bank and ask for all of it, they should have enough on hand to give it all to you for a normal individuals account. It’s not the bank’s money or the governments money to decide where it gets stored or how it gets spent. You worked hours of your life to earn that money, years of your life that you traded for cash that the government says you can’t be tr…
Earlier quoted context omitted.
I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?
When I was 20, my bank has a daily limit on what I can spend out of my own account electronically because of reasons that I was told were related to account protection. I do not trust cash transfer apps at all and will never link them to my identity. I like to keep a small target surface. Why should I not be able to spend my own money how I feel? It's mine.
Any tax on the transaction belongs to the government, though.
This is a disgusting infringement on human rights. Unbelievable.
Earlier quoted context omitted.
Freedom from government surveillance and potential overreach? In reality, there’s hardly any 3,000 euros+ transaction where a business or individual will accept cash. That’s too much money to have on hand when a bank transfer is much more comfortable…still happens rarely though so I think this law is overreaching. Disclosure: I’m not Dutch nor European so my opinion hardly matters here.
I think your second sentence/paragraph points out exactly why this restriction is needed: the only people who would ever in their right mind transact in that much cash are very likely to be either avoiding taxation (a.k.a. stealing from the common taxpayer), or keeping money off the books to hide illegal activity. The average person isn't affected by this type of government surveillance and potential overreach becaus…
"Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive."