The Tax Director open to no cash for businesses

Illustrative photos of Norwegian kroner.Illustrative photos of Norwegian kroner. .Photo: Berit Roald / NTB scanpix
Tax Director Hans Christian Holte believes businesses in Norway should be required to accept electronic money. He also is open to allowing businesses should  to refuse to accept cash.
The Tax Director says to NRK that the current arrangements, where enterprises are required to accept cash, but not electronic money, do not make sense.
– I think that on the basis of the mandate we have, and in the interests of combating the black economy, it would be sensible to consider to tighten the requirements   for making electronic payments instead, says Holte.
He also believes businesses should also be allowed to refuse to accept cash.
– Cash Trading enables the underground economy much more than using a bank card does, he points out.
Finance Minister Siv Jensen  is not on the same page as the Tax Director on the question on whether to let businesses opt out of  accepting cash payment.
– The proportion of the population that make the most cash payments are the elderly. I would not accuse them of tax evasion and being a part of the black economy, says Jensen told NRK.
Source: NTB scanpix / Norway Today

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