From: The Guardian
Cash payment crackdown to counter tax evasion and black economy
Australian budget limits cash payments for purchase goods and services to $10,000
Australians will face a crackdown on cash-in-hand payments in an attempt by government to reduce money laundering and tax evasion.
The Turnbull 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.
