Things are going so "well" in
Spain that the Government
banned cash payments in excess of 2,500 euros
Via Google Translate
from Libre Mercado ...
The Prime Minister, Mariano Rajoy, has announced
on Wednesday that the plan to combat tax evasion on Friday approved the Cabinet
prohibit the payment in cash transactions of over € 2,500 and n which at least
involved a businessman professional.
During the control session the Government
in the House of the Congress of Deputies and in response to a question about
the tax amnesty made by the general coordinator of IU, Cayo Lara, the Prime
Minister has revealed that those who violate the ban will face fines of 25% of
the payment made in cash.
Black Money
This measure aims to prevent the use of
black money in commercial transactions and, in the case of companies, give them
an obstacle to not resort to false invoices. The plan to combat fraud adopted
on Friday, the Cabinet intends to raise up to 8.171 million euros in 2012.
I calmly predict that black market
transactions in Spain will soar as soon as Spain is stupid enough to hike the
VAT.
Sadly, such stupidity is just around the
corner as noted in Slow Road to
Hell: Spain Entertains VAT Hike
Real Anti-Fraud Plan
Once again I am stumbling for a precise
translation but I happen to agree with this sentiment (emphasis mine) as
translated by Google from the lead article.
The general coordinator of IU Rajoy called
on a real anti-fraud plan, with more resources to the tax office, and has
taken the opportunity to ask the president that when you announce cuts of
10,000 million euros "do it in Parliament.
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