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Raising limits on cash payments sends the wrong signal in Italy’s fight against corruption

Capussela, Andrea Lorenzo (2015) Raising limits on cash payments sends the wrong signal in Italy’s fight against corruption. LSE European Politics and Policy (EUROPP) Blog (26 Nov 2015). Website.

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Abstract

Many states have a limit on the size of payments that can legally be made in cash, with anything above this limit needing to be transferred via traceable methods of payment such as bank transfers or credit cards. As Andrea Lorenzo Capussela writes, Italy’s PM Matteo Renzi recently proposed an increase in the country’s €1,000 threshold for cash payments up to a €3,000 limit. He argues that the government’s measures are likely to undermine attempts to fight tax evasion and curb the informal economy, noting that while the government itself may not be complicit in illegality, the incentive structure that has led to this measure being proposed raises serious questions about Italy’s capacity to tackle corruption.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2015 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JA Political science (General)
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 27 Mar 2017 09:03
Last Modified: 30 Jun 2020 23:12
URI: http://eprints.lse.ac.uk/id/eprint/70835

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