Italy to ban cash transactions over 5,000 euros
ROME, May 26 (Reuters) - A deficit cutting package due to be
approved by Italy on Tuesday will ban cash transactions for more than
5,000 euros ($6,188) in an effort to crack down on tax evasion, a
government source said on Monday.
Reducing the ceiling on cash transactions, which currently stands at 12,500 euros, forms part of the package of public sector
hiring and wage reductions and spending cutbacks being prepared by
Economy Minister Giulio Tremonti, the source said.
The limit will also apply to cashiers' cheques.
(Reporting by Giuseppe Fonte) ($1=.8080 Euro) Keywords: ITALY BUDGET/EVASION
http://www.xe.com/news/2010-05-24%2012:48:00.0/1166473.htm?c=1&t=
Comments are closed for this blog post
-
Comment by truth on May 28, 2010 at 12:39am
-
coming to a country near you soon.
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Veteran’s Day a Time That Should Be Honored
At a time in our confusing and idiotic history when a Democrat can’t define a woman when being…See More
"Thumbs up to this awesome school. Isn't it amazing that some of the greatest teachers are to…"
"Oh wow he is not wasting any time. May the power of the words he just spoke resonate across America…"
"A creative way to get hands on participation with students and the community."
The Perfect Lies
The Perfect Lies Time is like an ocean with its secrets running deepLike all the lovers you’ve…See More
© 2024 Created by truth.
Powered by
