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That's what I thought initially - but I kept on reading. Chapter 5 details exactly this scenario, albeit as a "more radical" "longer-term" option.
by timthorn 16y ago
That's what I thought initially - but I kept on reading. Chapter 5 details exactly this scenario, albeit as a "more radical" "longer-term" option.
- anigbrowl 16y agoYou cannot have been reading very closely Tim, because the quotation about 'at no stage would [govt.] have access to money or information about the recipient's bank account, or to the account itself' is drawn from section 5.10. The ideas examined are for the centralization of payroll information for purposes tax calculation only. Money transfers would continue to take place between employee and employer directly, not least because an employer may be making other deductions for the purpose of pension contributions, union dues or whatever which do not have any bearing on tax liability. As I said, in the UK the government already collects all this information already. The change which is being proposed is to gather electronically it each pay period instead of a batch at the end of a company's fiscal year.