Wednesday , March 22 2023

Consumer associations: balloon propaganda due to the use of non-banks for net use, while real incentives for consumers


Net partners are often and pricelessly portrayed as an outdated social mistake, observers of associations of members of the Union of Consumer Organizations of Lithuania. This is because a public discourse on financial issues is shaped by well-paid bank analysts and centers for spreading information on public information run by the banks themselves. Banks propagandize, based on a one-sided report of a seemingly rapid end to the "end of life", called "consumer noise" and proposes to resist the facts.

Consumer associations: balloon propaganda due to the use of non-banks for net use, while real incentives for consumers

The popular stereotype of banks about the lack of signs of our society, changing the network with new forms of settlement, also has no criticism, simply comparing Lithuania with other EU countries.

"The data show that Lithuanians on average use bank cards in the same way as residents of other European countries, for example, even more than Germans or Italians, and somewhat less than Irish or Spanish, the amount of our payment card is 13.3%. is close to the eurozone average, which is 14.8% of GDP, So we are not a spine because we are trying to "stick" with our heads. It seems that banks restrict access to people by cash – mass closings of banking services, no longer provide cash services, increase fees for cash services – leads to very selfish flooring Incentives to profit forwarding people to pay for goods or services, "said Secretary General of the Association of Banks clients in Lithuania Director Rutenis Paukšte.

Representatives of consumer organizations point to their own beliefs about the advantages of non-cash settlements. However, in their opinion, honey based measures are not necessary for the promotion of consumers. "The use of electronic money should be encouraged by demonstrating their merits instead of blocking access to money." The network must remain in the consumer's wallet, if the same user choice is, for example, elderly people living in remote parts of Lithuania do not have the opportunity to use electronic money to talk about their ability to However, the use of electronic money is an advanced and promotional method of payment. However, this is only one form, not the only form, "- emphasizes the head of the LBKA.

R. The spider is convinced that electronic payments in shopping facilities will become more comprehensive, while the network will remain a backup and will no longer be the basic payment option, if both the buyer and trader are interested in not using the network, that is, if both feel the benefit of such a settlement.

"Look at the grain, at the end of the shift in the electronic communications period, the treasurer is still filling in the register of cash registers, which is then preserved as the most sacred relics in bookkeepers. Such old-fashioned practices from the past could already fall into the lack of space and take the path modern systems, "R. said. Pauk is Executive Director of "For Fair Banking" Association Kestutis Kupšis.

In his opinion, in a new system of electronic accounting and cross-checks for sales transactions, whose implementation in the Lithuanian companies is required by the state tax inspectorate, one more constant should be introduced, showing a discount on both sides of the transaction – buyer and seller when the transaction with the end the user passes through the cash register

"Suppose a trader saves 1 percentage point of VAT that is paid if he is not paid in cash, and the buyer receives a discount on income tax by a paid card," explains Consumer Representative K. Купиш. – "When it comes to deducting home taxes, why not set a higher goal – reducing the size of the network, but also the gray economy, through fiscal incentives to use electronic money? The preserved percentage point of VAT tax is already a big incentive for the trader to invest in maintenance payment terminal. "

The state, by creating such incentives, initially risks not collecting a small portion of the tax, but is compensated by a substantial increase in revenue later, when consumers are aware of the use of electronic settlements. By reducing cash settlements, gray economies are decreasing as more transactions are monitored and monitored. "However, this should not be aimed at forbidding, for example, by reducing the use of net use, imposing" cash ceiling "on transactions and similar measures. The promotional measures that provide users with tangible benefits of non-profit use are better and it does not actually work The propaganda repeated by the bankers repeated, the Lithuanians adhere to the heads that the network has disappeared and we have to go to the Swedish way (pointing out that Sweden is probably the only country in the world given the rather radical possibility of total netting). falsify bank knowledge, continue to appreciate the net benefits and even deliberately remain connected to the network in order to keep as little as possible from banks, "notes the head of the" For Fair Banking "Association.

According to K.Kupshis, the collection of state-of-the-art taxpayers and policymakers could benefit from South Korean expertise. Two years ago, the introduction of tax incentives for electronic money reporting has proven effective in this country. Similar tests, including VAT deduction, are available in Brazil, Colombia and Argentina. "Perhaps these Latin American countries seem too far away from another cultural environment and people's mentality, but South Korea is a very good example," says my consumer attorney. According to Kupšiševi, Korea fell ten years ago from other countries: in 2007, the settlement value in that country amounted to about one third of the gross domestic product. And, according to the latest data from 2016, this indicator has already reached 47%. Of GDP (compared to 8% in Germany, 19% in Belgium, 32% in the United States and only about 23% in Sweden). Korea's impact is estimated at around 1 billion. (net) revenues generated by the budget.

Bulgaria also allows 1% of purchase to be deducted from income tax, if paid electronically, but limits this incentive by putting an annual ceiling of 500 leva (about 255 euros). There is another limitation in this EU Member State: the state has determined that if a citizen wants to benefit, his annual amount of electronic money must be at least 80%. income from work.

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