Posted on 01/03/2017 10:18:52 AM PST by oblomov
The spread of global cash bans continues with Greece unveiling their so-called 'soft' approach by which taxpayers will only be granted tax-allowances or deductions when payments are made via credit or debit cards. As KeepTalkingGreeece reports, the new guidelines refer to employees, pensioners, farmers, and also the unemployed.
Accepted expenditure will be:
purchases for food and supermarket products, electronic and electric devices, household equipment, footwear, clothing, fuel, furniture, cigarettes, drinks Restaurants, cafeterias,bars and hotels Services like by hairdressers and beauty parlors, gyms and dance schools, car repair, plumbers, electricians, painters, carpenters, lawyers and accountants. For doctors and pharmacy the same practice will be valid as in last year. The tax office will accept the expenditure only if payments are made per credit card or bank transfer. Expenditure for utility bills, landlines and mobile phones, heating, rent, loan repayments that in fact swallow the largest amount of monthly expenditure for private households will not be accepted. Also not accepted is expenditure for toll and transport tickets. In its “wisdom” the Greek Finance Ministry has determined the amount the taxpayers will have to pay with electronic money in order to be able to get the tax allowance:
10% for annual income up to €10,000 15% for annual income €10,001-€30,000 20% for annual income over €30,001 The famous Greek wisdom in times of austerity, bailout agreements and economic crisis remains the same also in 2017 and as neoliberal as possible since 2010: crack the low and medium incomes, let the rich fly free.
(Excerpt) Read more at zerohedge.com ...
Ah...the ‘soft’ Mark of the Beast.
This is stupid....................
That really is what this is.
BTW, India apparently pulled 87% of their money out of circulation to “force” people to go electronic. Unfortunately their electronic infrastructure can’t handle it. Comedy ensues, unless you live there. In that case it is hell on earth.
[ That really is what this is.
BTW, India apparently pulled 87% of their money out of circulation to “force” people to go electronic. Unfortunately their electronic infrastructure can’t handle it. Comedy ensues, unless you live there. In that case it is hell on earth. ]
A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash
http://www.freerepublic.com/focus/f-news/3510203/posts
Are we behind this as well.....
Fake news
If anyone would like to pay me in gold and silver, I’m open for business.
I will gladly pay Friday for a hamburger delivered today
(draft at 60 days would also be ok)
I like how much more lax Greeks are about smoking than other Western nations.
You'll have to put 4 Mercs in escrow.
And the poor people that don’t even have a bank account are suffering the most.
Because it worked so well in India.
Fake news alert.
Thumb me a 100 for the clock tower
It helps the government keep track of individuals’ spending to create targets when it hits the fan.
Lets be frank, the government would love to create a world where the only work-around used to avoid taxable transactions is barter. The mere existence of cash enables people to transact enormous amounts of business the governement doesn’t know about. I’ve heard there are hotels in Greece that only accept cash, are substantially cheaper than equal quality hotels, but everybody knows they don’t claim all their income.
I always smile when I do business with a local proprietor and for some things they just pocket the money I give them. We all know what’s going on. ;)
And the government hates that.
On what other planet are everyday and luxury expenditures "tax deductible"?????? No wonder Greece is in the crapper.
I was in France and the banks there do not allow you to take out more than $2000 cash at a time unless you answer a few questions first and it can take a while to process.
It is ridiculous. Bank cards get denied so easily. They are not same as cash. They require you to have a cell phone and the merchant to have the verisign set up right.
The unintended consequence will explosive growth in the barter economy causing loss of revenue to the state.
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