Refusal to bill will automate accounting and will give tax services a greater control over the movement of money in the economy, the economist and leading researcher of Moscow State University named after Lomonosov (Moscow State University), Andrei Kolganov, believes. On the benefits of transition to electronic payment systems, he told in a conversation with “Ribbon.ru.”
“In my opinion, the lack of the need to work with paper money largely provides automation of the processing of accounting statistical information. Plus it strengthens the control of tax authorities over the real movement of money in the economy, over the timeliness of tax receipts and the legality of the operations,” is confident Kolganov.
When the electronic calculation acquires a massive character and enters everyday practice, it creates savings on transaction processing, a specialist believes.
Cash refusal to speak and in the UK. The Deputy Chairman of the Bank of England John Canliff believes that the bills gradually disappear from the country’s economy. According to him, cash was the dominant way of payments for the citizens of Great Britain until 2016. After that, they gave way to operations using bank cards.