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May 10, 2018 10:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/JgWIDvc_Qo0/australia-to-ban-cash-purchases-over-10000
Australia To Ban Cash Purchases Over $10,000
Long-time Slashdot reader skegg writes: Last night was federal budget night in Australia, and one of the announcements means Australians will face a crackdown on cash-in-hand payments in an attempt by the government to reduce money laundering and tax evasion. The government has turned its attention to the "black economy" in an attempt to raise billions of extra dollars and intends to limit cash payments for purchase goods and services to $10,000. The financial services minister argues that currently the status quo "gives some businesses an unfair competitive advantage."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/JgWIDvc_Qo0/australia-to-ban-cash-purchases-over-10000
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