Clearl, taxation is a complicated matter, but Europe has already agreed on standard VAT tax and other taxes. I know Spain is being sued by the European parliament, or whatever sues nations for failing to a abide by its negotiated agreements, for taxing European non residents a higher property rental tax rate than it does residents (24% instead of 19%). The point is, Europe is working on tax integration and leveling which I believe is positive.
Cashless economy obviously requires that no national government loses out on tax matters and risk cutting necessary budgets. I frankly don't know at which point a tax on transactions would eliminate VAT and income tax or what juggling would be required for both state budgets and citizens find the right balance. But if the result is to close loopholes and dry up dark monies, it's a positive step forward.
Cashless economy obviously requires that no national government loses out on tax matters and risk cutting necessary budgets. I frankly don't know at which point a tax on transactions would eliminate VAT and income tax or what juggling would be required for both state budgets and citizens find the right balance. But if the result is to close loopholes and dry up dark monies, it's a positive step forward.