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Greece outlaws cash transactions to collect more taxes
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Tuesday, February 16, 2010
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From Mish's Global Economic Trend Analysis:

In an attempt to rein in the shadow economy and collect more tax revenue, Greece outlaws cash transactions greater than 1500 euros. Please consider Greek Finance Minister unveils tax reform, wage policy.

"From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to...

Read full article...

More on Greece:

CRISIS: Greece is in liquidation right now

Euro crisis escalates: Investors pulling billions out of Greece

Euro unraveling: Greece and Ireland could exit the union soon

Topics: Euro | Taxes | Cruxallaneous
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