There has been considerable debate regarding the elimination of the limit on cash payments recently, but what do the Italians think? The online comparison tool Facile.it, commissioned the research institutions mUp Research and Norstat to study and, based on the responses of the interviewees, determined that 62% of our compatriots are in favor of the ceiling, with a majority of respondents (24.2%) indicating €2,000 as the threshold at which to put the limit. The study found that 64.2% of Italians aged 25–34, 63.8% of Italians aged 65+, 65.2% of those with a college degree, and 64.2% of those living in towns with a population of 10,000–30,000 all supported the ceiling. Looking at the opponents, we find that the majority are those aged 55 to 64 (44.7%), with a secondary school degree or less (46.9%), residing in the North East (38.5% - 44.7% in Veneto alone) and in places with less than 10,000 inhabitants (38.5%). It should be highlighted that a sizeable proportion (3.4% of respondents, or 1,506,00 persons) claim to have just the vaguest notion of what the limit on cash contributions is. There has also been much controversy about the amount of the proposed restriction. If they had the option, respondents were asked where they would set the monetary payment limit. In response to this question, almost one-quarter of those in favor (24.2%), suggested a barrier of €2,000; €5,000 according to 22.1%, and even €1,000 according to 19.1%. Among the proponents of the cash payment limit limitation, many claim that this is a helpful tool to prevent tax evasion. According to the study, 56.2% of respondents agree, while 32.3% believe this step is not appropriate for this reason. (Photo LR @Goodpics)
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