Post
Topic
Board Economics
Re: Does this mean Cash will be extinct?
by
hangar18
on 08/04/2018, 21:14:06 UTC
Not all country will follow or maybe it will take more than 20 years to happen on not to use cash. There are so many studies to do, so many things to consider and too many things to think of what will be the effect of this to the country. It will not also be easy to stop the cash because everything is relying to cash.
The government is actively encouraging the use of electronic payments in the country. For instance, the Tax Authority of Sweden,has mandated the use of cash registers for shops accepting payments in cash. Such regulations discourage retailers from taking cash payments to avoid taxation.
Perhaps in some cases I am also against taxation, especially if there are taxes that plunder people. But if it is connected with the tax on entrepreneurship or other business, then this is quite normal. After all, the tax is primarily a filler of the state budget.
Haha, the government really need to have the tax to keep their activity on the world. They can not keep their system if they do not have money from the tax. The nature of tax not only the money to develop the country grow more, it is still a profit for the government.