Canada Going Cashless Society
Posted: Fri Feb 17, 2017 11:31 am
The largest bank in Quebec wants to eliminate cash. In a call to action that went unnoticed last November, the National Bank (NL) encouraged the government of Quebec to imitate countries such as Sweden or Denmark by accelerating the shift towards exclusively electronic money.
Last November, the major banks in Quebec were called by the Committee on Public Finance to answer questions from elected officials about tax havens. The five-hour exchange on this delicate question did not allow us to learn much about tax avoidance practices, but in turn, at the micro level, representatives of the National Bank went there with an unexpected suggestion .
"We feel it is a good idea to bring to your consideration an important idea," explained the vice-president of public affairs of the NL, Claude Breton, to the parliamentarians. This is to ensure better traceability of transactions, to combat tax evasion and to reduce the transaction costs of economic players by eliminating money in its physical form, paper money. "
"We believe that the current reflection on the phenomenon of tax havens can not be complete without considering additional means to reduce tax evasion," he said. The withdrawal of paper money is, in our opinion, part of the solution
http://www.ledevoir.com/economie/actual ... nt-liquide
Last November, the major banks in Quebec were called by the Committee on Public Finance to answer questions from elected officials about tax havens. The five-hour exchange on this delicate question did not allow us to learn much about tax avoidance practices, but in turn, at the micro level, representatives of the National Bank went there with an unexpected suggestion .
"We feel it is a good idea to bring to your consideration an important idea," explained the vice-president of public affairs of the NL, Claude Breton, to the parliamentarians. This is to ensure better traceability of transactions, to combat tax evasion and to reduce the transaction costs of economic players by eliminating money in its physical form, paper money. "
"We believe that the current reflection on the phenomenon of tax havens can not be complete without considering additional means to reduce tax evasion," he said. The withdrawal of paper money is, in our opinion, part of the solution
http://www.ledevoir.com/economie/actual ... nt-liquide