Greece Is Not India? Hellenic Banks Plan “Tax On Cash Withdrawals” To Combat Black Economy
by Tyler Durden
ZeroHedge.com
Nov 28, 2016
Greek banks have proposed a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy, and as KeepTalkingGreece.com reports, one of the measures proposed is a special tax on cash withdrawals.
Bankers reportedly stress that cash money can easily and largely be channeled in the black economy. Therefore, a tax on cash withdrawals will drastically reduce cash transactions and by extension the black economy.
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