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Spain Bans Cash Transactions over $2500

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posted on Apr, 16 2012 @ 05:05 PM
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Article
(Not sure why the NO LINK is popping up, it's from blogDOTalexanderhigginsDOTcom)
If you Google Spain-bans-cash-transactions, it comes up.

Afraid of losing tax revenue to the black market, Spain has decided to clamp down on it's citizens.

I see much of what happens in countries like Spain, Greece and England as a sign of things to possibly come here in the U.S. I think most would agree the government would love to enact something like this to control people and gain revenue.
edit on 16-4-2012 by Paschar0 because: (no reason given)




posted on Apr, 16 2012 @ 05:12 PM
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Asign of things to come?

It's already began....



posted on Apr, 16 2012 @ 05:13 PM
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How are there 3 stars and two flag?

The link doesnt work.



posted on Apr, 16 2012 @ 05:14 PM
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When you see things like this along with lowering minimum wages, eliminating costly services like sewage, it just makes you wonder how these people cope. I know I'm a soft American and when the power goes out for a day or two, it feel like weeks. Permanently having to deal without things we consider basic is a huge drain on people in so many ways.

Can you just imagine the chaos that would come from doing that here? It would probably be passed just like the NDA where they promise not to use it or as temporary and the gullible Americans would just sit and take it right along with everything else they've sat still for so far.



posted on Apr, 16 2012 @ 05:26 PM
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Originally posted by Shadowalker
How are there 3 stars and two flag?

The link doesnt work.


Because some of us can use Google all on our own.



posted on Apr, 16 2012 @ 05:32 PM
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why not post the link without posting it in the link tag then???


In any case people have been talking about going to the ATM machine and no money coming out at all in the near future



posted on Apr, 16 2012 @ 05:37 PM
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reply to post by Paschar0
 


i would like to point out to you that spain uses euro's not dollars



posted on Apr, 16 2012 @ 05:38 PM
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here is the link.
scroll down to the middle.

alexanderhiggins.com...





The Government banned cash payments in excess of 2,500 euros

Those who violate the ban will face fines of 25% of the payment made in cash.

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 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.

The Government had already advanced the plan to combat fraud limitations include the use of cash for certain operations, although he had not yet specified which would place the threshold (yes at the time there was talk that it could be 1,000 euros for self-employed).

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.

Rajoy has argued before Cayo Lara tax amnesty approved by the Government in the fight against the deficit, noting that a measure is “extraordinary and exceptional” only valid for 2012, adopted in a “very difficult” and to help improve revenue.

In fact, insisted that it is a measure recommended by the OECD in difficult situations and has already been used in countries like Germany, USA and Italy, which allowed the latter to raise 5,000 million euros in 2009 and 2010.

The president has also said that in Spain and there were three tax amnesties in the past (1977, 1984 and 1991) and, unlike then, when the fraudsters who paid nothing surfaced assets to the Treasury, in this case paid between 8% and 10%.

IU criticizes the tax amnesty

For its part, the general coordinator of IU, Cayo Lara, has warned the Government that the tax amnesty “is not the way to fight” the deficit has been reported that an initiative is “unfair and unconstitutional.”

Rajoy Lara reminded that when the PP was in the opposition rejected the tax amnesty proposed by the Socialist government claiming it was “unfair and antisocial” in the words of the PP’s general secretary and president of Castilla-La Mancha, María Dolores de Cospedal.

“We understand the serious situation, but the tax break allows us to continue to rob everyone with impunity. The problem of fraud all fails, cutting the budget of the tax and forgiving fraudsters,” he broached Lara.

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.”



edit on 16-4-2012 by BIHOTZ because: (no reason given)



posted on Apr, 16 2012 @ 05:38 PM
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Provided money is still coming out of the ATM's what's to stop people thinking forward ?

I give you this scenario - you are buying a second hand car 'Occasion' in Spain . You gradually withdraw cash - say 300 euros a week or so and stack it up in the knowledge you will be bartering with a second hand car dealer - hey presto a cash deal is done everyone is happy (except the government!)

To be honest , knowing the system of property purchase in Spain where even the lawyer has been known to look to the wall as a percentage of the purchase is done in cash .... trust me , they can impose all the limits they like - cash deals will prevail and be written in the books as 2,499.99
or thereabouts !



posted on Apr, 16 2012 @ 05:51 PM
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trust me , they can impose all the limits they like - cash deals will prevail and be written in the books as 2,499.99
or thereabouts !


It's a first step. Just having it in place allows for selective enforcement. A little further down the road it'll be easier to lower that limit. Let's hope one way or the other it goes away,



posted on Apr, 16 2012 @ 05:56 PM
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reply to post by slidingdoor
 

yeah. There is so much off the books work it's crazy. I have a small business and every time I get set up with a new provider for whatever they ask me if I want a bill or not, like do I want to pay taxes or not. It is fairly common.

With the exception of large multinationals, EVERYONE does it, except me. I don't know. There is something sketchy about not declaring what I buy that as an American I just can't get past. Too risky.

For things like home improvement, never a bill. Dry cleaning, no bill, any technical service to like repair electronics or what ever...NO BILL. so no taxes paid there. They have a big problem here. HUGE.


EDIT:
they ask if you want no bill or a "fixed" bill, like a fake invoice for much more. I use to work at a hotel here and we were told to ask the customers if they wanted a cheaper bill for long stays we could offer 2 invoices. Like one for their company so they would be reimbursed the full amount but we would charge without tax.

We had a group of cops from Madrid do it once. We had cops that weren't even staying at our hotel coming in asking for invoices. They had stayed at friends houses but wanted to get reimbursed for their time in our city. That really pissed me off since tax payers pay for their trips.

edit on 16-4-2012 by BIHOTZ because: (no reason given)



posted on Apr, 16 2012 @ 06:01 PM
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Originally posted by tracehd1
Asign of things to come?

It's already began....


I agree....you little Minx



posted on Apr, 16 2012 @ 06:06 PM
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If I remember correctly, Greece did this as well.
Here it is:
www.abovetopsecret.com...

So, Spain decided on 2500 euros; I wonder what they learned from the 1500 euros cash cap in Greece?

Let's see if we can find any evidence if this was even effective in Greece. I doubt it.



posted on Apr, 16 2012 @ 06:07 PM
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Odd.

I can only withdrawl 1000$ in Canada. I just asked my co-workers and they all said the same thing.



posted on Apr, 16 2012 @ 06:10 PM
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Originally posted by CALGARIAN
Odd.

I can only withdrawl 1000$ in Canada. I just asked my co-workers and they all said the same thing.


It's actually not about a withdraw limit, it's about transactions in cash.



posted on Apr, 16 2012 @ 06:14 PM
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Won't be long before cash is dead completely. I've gotten two notices this week from utility companies that will no longer accept cash payments, through the mail or in person. No cash whatsoever.

I thought this was illegal, since US Currency is supposed to be legal tender for all debts, but apparently that is a bygone era. I knew the paper money was worthless, but at least it was accepted as if it stood for something, now even that is gone. They won't take cash, and they've outlawed any competing currencies, so we are forced to either bank somewhere, or pay extra to purchase money orders? Also, if you pay electronically, EBT, debit, or credit, they charge extra fees.

We are getting screwed from so many directions these days we can't even begin to identify our rapists, they are too numerous!

My ex-wife called today, and the State of Florida has put a collection on her credit for a Document Stamp Fee from 2008, that was paid, and she has proof in the form of her closing statements, and the recorded stamp from the county clerk, but the state says they have no record of it, they won't accept her proof, the Title company has gone out of business, and they are adding on late fees and interest to the tune of an extra $500!

The only good news is this.............. it won't be long now.



posted on Apr, 16 2012 @ 06:29 PM
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reply to post by CALGARIAN
 


Odd.

I withdraw 1800$ last week and i live in the Same Canada.
My only limit is 500$/day on a ATM.



posted on Apr, 16 2012 @ 06:32 PM
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she has proof in the form of her closing statements, and the recorded stamp from the county clerk, but the state says they have no record of it, they won't accept her proof


That must be maddening. Situations like this you weigh the cost of an attorney against just being done with it and I think the state considers this too. It's bureaucracy at it's finest. Makes you really wonder who ARE these people?



posted on Apr, 16 2012 @ 06:48 PM
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Originally posted by Paschar0

she has proof in the form of her closing statements, and the recorded stamp from the county clerk, but the state says they have no record of it, they won't accept her proof


That must be maddening. Situations like this you weigh the cost of an attorney against just being done with it and I think the state considers this too. It's bureaucracy at it's finest. Makes you really wonder who ARE these people?


The scary part is I are these people! That is why she called me. I used to work in that department, and I still work in government regulation. I have a lot of friends over there, and they can't help her. Not only is it bureaucracy at its finest, but even the bureaucrats have their hands tied. There is no way to insert common sense or human judgement into the process. However, the government is scared to death of good attorneys, so I advised her on the names of a couple of very reputable attorneys that love taking the government to task, and hopefully a letter from one of them will get it taken care of.

Too bad it can't be done with a phone call and an email or fax of documents though. Even the people doing the jobs can't change things, it takes a dozen signatures, a legal opinion, and sometimes a literal act of Congress!

The government is so broken, it is no longer fixable. It has to come down and start anew. Gonna be rough, but there just isn't any other way any more.



posted on Apr, 16 2012 @ 06:51 PM
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The NWO wants to keep track of these transactions to see what you are purchasing to see if you are brainwashed enough. They do not want you to be purchasing food, seeds, weapons, physical books, anything to make yourself better. If you do, you might end up being the resistance army commander who will eventually take these thugs down. They want you to use credit cards; to enslave you in debt with the use of USURY (money lent on interest). Money lent on interest is forbidden by all the Abrahamic religions, no questions about it; except that there has been infiltration and corruption there. A second point, how will they know anyone who pays over this amount because there is no way to track lol



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