Saturday, November 2
Shadow

Australia Scraps Plan to Ban Cash For Large Purchases But Idea Isn’t Going Away

Australia Scraps Plan to Ban Cash For Large Purchases But Idea Isn’t Going Away

Australia’s Senate has scrapped a plan that would have banned cash transactions on all purchases over $10,000. The cash ban proposal was set in motion back in 2017 after a government report suggested the idea as a way to crack down on organized crime and tax cheats. Businesses faced heavy fines and up to two years in…

Read more…

Go to Source

Exit mobile version