That'll go over well with Germans. Cold dead hands, prying, and whatever.
Good luck.
EU-wide maximum limit of €10K for cash payments
161–170 of 915 posts
Re: EU-wide maximum limit of €10K for cash payments
#162Re: EU-wide maximum limit of €10K for cash payments
#163That'll go over well with Germans. Cold dead hands, prying, and whatever. Good luck.
Could you please be clearer? Please also expand the assumptions - you are being too obscure.
Re: EU-wide maximum limit of €10K for cash payments
#164Earlier quoted context omitted.
I couldn't find the face value of those coins? If I understand correctly you're saying: there is a coin that I can buy for $100,000 (because of its weight in gold) yet it is stamped with $1, which is its face value. As such it only counts as $1, and this thus is not reportable?
face value is 3000 Australian Dollars.
Which is still 3% of its actual value if melted down.
Re: EU-wide maximum limit of €10K for cash payments
#165Earlier quoted context omitted.
Sure, but those other problems need funding.
Tax levels are high and tax are being collected. Governments aren't short of money because of tax evasion. Tax evasion is not a top priority however you look at it... the argument sounds like "but think of the children" to justify things that are actually motivated by other aims and/or ideological reasons.
My country loses about €32 billions in yearly income due to tax evasion. That's the amount of money that could change many lives if used right. Instead we're cutting benefits to the poor bto reduce our deficit. Tax evasion is a top priority.
Re: EU-wide maximum limit of €10K for cash payments
#166It'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…
Is the goal to push people to crypto?
Re: EU-wide maximum limit of €10K for cash payments
#167First line in the article:
> The EU continues its fight to protect EU citizens and the EU's financial system against money laundering and terrorist financing.
The EU has control of the propaganda machine at levels comparable to the Soviet Union. We should've just let them have it.
I wonder how many Europeans are going to get in this thread to tell us Americans how much more privacy they have.
Re: EU-wide maximum limit of €10K for cash payments
#168Re: EU-wide maximum limit of €10K for cash payments
#169Nothing 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.
nothing says "already paid" as a credit card transaction. Maybe you prefer to keep paper receipts for tens of years and prove they are legit, I honestly don't.
What we «prefer» - sorry, radically "will" - is to live in dignity.
This implies, no record of personal purchases around.
The current "fight against cash" goes in direction of that risk.
Re: EU-wide maximum limit of €10K for cash payments
#170This new EU regulation has nothing to do with preventing terrorism or money laundering, but rather paving the way for its CBDC. This is about power and surveillance.
Yep,thugs will use crypto, but EU can force their will on people wallets easier.