52 Spain introduces new law re withdrawing more than $3,000 cash - Notify the tax office 24 hours in advance and state why you are taking the cash. Failure up to 150,000 fine (euroweeklynews.com) posted 1 year ago by Hildberht2 1 year ago by Hildberht2 +52 / -0 Spain: €150k fines for cash withdrawals Spain enforces strict rules on large cash withdrawals, with fines reaching up to €150,000 for failure to notify tax authorities 13 comments share 13 comments share save hide report block hide replies
No kidding...and there you have it. Another debunked conspiracy theory. Once you deposit your money in the bank, THAT MONEY IS NOT LONGER YOURS!!!
Yep, and you have to notify the tax office in advance???? Fuck off.
The civil service seems to be acting like an organised crime racket. Better vote differently next time.
Welcome to Europe, have a nice day.
In other news ....
... Spanish officials perplexed at the extremely large drop in residential bank deposits last month ...
And Switzerland over whelmed with new account applications.
It’s like a cruel and unusual punishment lol
EU is going digital, bad for them.
What if u held your money in your stock account, you would still have to move it to the bank to withdraw it but it would keep you safe from the Bail In law.
It makes cash that more interesting ....
And cash is still a big chunk in Spain.
I would be removing it at $3000 a day till it was all gone!
I would like €2999 of MY MONEY please, thank you.
Everyone should take every cent out of the banks, this would stop instantly.
I guarantee you you'll be convicted of structuring if you try that. You certainly are in the US.
Wow what a ridiculous fine. No one should use banks there