Monday, September 20, 2010

United Kingdom Taxes - #2158 - UK Proposes All Paychecks Go to the State First - CNBC

The UK's tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer. The proposal by Her Majesty's Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid.  Read more.......  Wow! sounds like a great idea to have a reason to have the biggest Tea Party of all times.......

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