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Arnold Schwarzenegger held at Munich airport over luxury watch
(www.theguardian.com)
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this post was submitted on 18 Jan 2024
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What a stupid fucking law.
He should've had that shit looked at though, especially being a public person.
Tell me you're assisting with corruption without telling me you're assisting with corruption.
There is absolutely no reason to charge half as cash unless you want physical money to conveniently forget to report.
Why do you think so many slightly shady businesses offer cash discounts? If your answer is "only card fees" then you may want to double check that last apple gift card you sent to grandma for her IRS bill actually made it to her.
I don't care if it's John down the street or a major world government. Someone somewhere saw this and thought "ooh, more money we can accidentally misreport"
Sure is a shame that the 17.5k never made it to it's destination. That 15k could have come in handy. You never know when 10k could be useful for stopping terrorists that bring watches into the country. Hard to believe that 5k could be useful, but that 2k is going to be stretched as far as it can go.
First of, I couldn't find anything to corroborate the ~~experience~~ existence of such a rule.
The article might not be entirely accurate.
But even if it were true, you think customs officials just take your money without giving you a receipt?
And how would underreporting even work if the amount is exactly specified?
"Yes, we fined him for 20k, he paid 10k by card and here are the other 8k in cash."
In the US, the way it works is that the cash part never makes it onto the report, though more commonly this happens when the police do a "no knock raid" on "the wrong house" and then empty the family safe. The contents of the safe simply never get reported as evidence or mysteriously disappear from the evidence room without being reported as missing, like a fairly decent portion of the drugs taken as evidence every year does.
In this hypothetical scenario, if he paid by card you'd already have evidence that he was fined and what 50% of the amount was.
So the customs guys would have to bring in the same amount in cash. How would the cash part not make it into the report if there were a rule that there must be a cash part?
And once that is deposited in the bank, nobody can just walk in and make some of it disappear.
Yeah, after making that comment I realized the whole "customs gives you a receipt" thing, whereas the scenario I was talking about basically comes down to your word vs theirs, and what they write in their report. It's a scenario with a lot less accountability than customs has.
Never heard of such a rule.
Afaik the reason why he couldn't pay with card was that the card reader was broken.
I have no idea, I just pulled that out of the article linked in the post.
Cash payment = you're a criminal