Budget 2018/19: Banning Large Cash Payments

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Insights From MCA Accountants

Budget 2018/19: Banning Large Cash Payments

The Coalition will ban “large” cash payments to businesses ($10k and above).

Great in theory, but how do you prevent someone accepting cash when the very nature of cash is that it is almost impossible to trace? The jury is out on how effective this will be.

(Our thanks to CAANZ for the image from http://bit.ly/2I3fjah)

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