There is very little reason why a Business would prefer cash other than have some freedom in how it's reported. This is considering how much of a hassle and risk is involved in having large sums.
There is even less reason why a person would, most people in regular jobs get paid via bank accounts (Brazil even have a special kind with no fees for it). Now informal (non registered and non tax paying) employment is cash heavy: house cleaning, small repairs, produce vendors, etc.
I don't even think is criminal, it's kinda Business as usual in Brazil.
Money usage fell in Brazil, pix is the most used method, 37% of the workers are informal (no formal labour contract). They would mostly not be required to even report because of low income, the evasion in this case is being done by the employer, where they don't pay labour and the social security equivalent.
There is even less reason why a person would, most people in regular jobs get paid via bank accounts (Brazil even have a special kind with no fees for it). Now informal (non registered and non tax paying) employment is cash heavy: house cleaning, small repairs, produce vendors, etc.
I don't even think is criminal, it's kinda Business as usual in Brazil.
Money usage fell in Brazil, pix is the most used method, 37% of the workers are informal (no formal labour contract). They would mostly not be required to even report because of low income, the evasion in this case is being done by the employer, where they don't pay labour and the social security equivalent.