iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

David Cameron: Taxes Will Rise Unless We Can Raid Bank Accounts

“David Cameron claims he will “have to put up taxes” unless tax officials are given draconian powers to raid people’s bank accounts.

Taxes will have to rise unless officials are given new powers to raid people’s bank accounts, David Cameron has said.

The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is “very concerning” because of its history of mistakes.

The committee said that taxpayers could suffer “serious detriment” if officials are able, either by mistake or through an “abuse” of power, to take money from people who have done no wrong…..”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter