Greece wants to punish people who pay with cash

Greece wants to almost forcefully introduce cashless payments in its country. The country's citizens will have to spend 30 percent of their income without cash [...] https://www.pinterest.com/pin/1085437947660215829/

Greece wants to introduce cashless payments almost by force. The country's citizens will have to spend 30 percent of their income without cash or risk having to ... pay a fine. The Telegraph writes about the Greek government's controversial new idea to fight cash and the shadow economy. The desperation of the government may seem bizarre to us, but the problem in this country is bigger than you might think. Greece has been suffering from tax evasion for years. 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 0.5 billion euros a year. Greece: pay by card or you will get a fine As "The Telegraph" now reports, the plan will reportedly be implemented as early as next year. According to its assumptions, Greeks will be forced to spend at least 30 percent of their income non-cash - with payment cards or transfers (of course, cryptocurrencies are not included). This minimum requirement will include e-commerce transactions, but also electronic bill payments. But what if a taxpayer fails to meet the requirement? As a penalty, he will have to pay a 22 percent "tax surcharge" on the unused amount of the limit. Probably nothing will so encourage Greeks to shop online or abandon cash. An example Greek who earns 1,000 euros a month, if he spends electronically only 15 percent of his income, will have to pay an additional penalty of about 400 euros a year. The law is to be enforced by banks, which will inform the government and the tax authorities about their customers' spending. Fight against cash Sounds like a scenario from the world of Big Brother? Unfortunately, it does. The Greek system is taking the fight against cash to a new level that rulers around the globe have never even thought of. However, as The Telegraph adds, Greeks are often paid in cash and pay their bills in that form. So the new law will be quite a problem for such people. The percentage of internet users in this country is one of the lowest in the European Union. Tags cashless cash Greece mobile payments