Greece Wants to Punish Cash Payers – Bitcoin Fixes This

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Greece wants to force cashless payments almost at home. Citizens of the country will have to spend 30 percent of their income without cash or they will face the necessity of … paying a penalty. The Telegraph writes about the new controversial idea of ​​the Greek government regarding the fight against cash and the gray economy.

The desperation of power may seem odd to us, but the problem in this country is greater than you might think. Greece has suffered for years because of tax avoidance. Hence, the public apparatus almost stands on its head just to remedy this pathology. The latest idea was presented by Alex Patelis, economic advisor to Prime Minister Kiriakos Mitsotakis. He calculated that its implementation will give the budget at least EUR 0.5 billion a year.

Greece: pay by card or you’ll get a penalty

As the Telegraph informs now, the plan will supposedly be implemented next year. According to its assumptions, the Greeks will be forced to spend at least 30 percent. your income cashless – with payment cards or transfers (of course, cryptocurrencies are not included). This minimum requirement will include e-commerce transactions, but also electronic bill payment. However, what if a given taxpayer fails to meet the requirement? He will have to pay a 22% “tax surcharge” on the unused limit for the penalty. I don’t think anything will encourage Greeks to shop online or give up cash.

An example of a Greek who earns 1,000 euros a month if he spends only 15 percent electronically. of his income, he will have to pay an additional € 400 a year in fine. In law enforcement, banks and tax authorities are to assist the government, which will inform officials about the expenses of its clients.

Fighting with cash

Does it sound like a script from the world of Big Brother? Unfortunately yes. The Greek system takes the fight against cash to a new level that the rulers of the whole world did not even think about.

However, “The Telegraph” adds, Greeks often receive remuneration in cash and pay bills in this form. The new law will be a big problem for such people. The percentage of internet users in this country is one of the lowest in the European Union.

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Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.

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