• <a fr-original-style="" href="https://www.reuters.com/world/europe/italy-waters-down-plan-promote-cash-payments-after-eu-criticism-2022-12-18/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Italy</a> ditched part of its plans to promote cash payments for smaller transactions after criticism from EU authorities and the Italian central bank, Economy Minister Giancarlo Giorgetti announced on Monday.&nbsp;<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Zoom in: The government had proposed changing the current system in which sellers risk fines if they refuse to accept card payments, by removing the penalties for transactions below €60. The European Commission criticized the move, saying it was not consistent with previous EU recommendations to Italy to boost tax compliance.</li></ul>

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