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Britain – Big Brother bank accounts proposed by opposition

Daily Telegraph – The Tories are planning to tackle one of the heaviest burdens on business by scrapping the existing PAYE (”pay-as-you-earn”) scheme in the most radical shake up of the tax system since the Second World War. Read Article

Ed – However though the opposition Conservatives are selling it as a way to reduce the red tape burden on small businesses (classic Problem, Reaction, Solution), in reality if the Tax Office has an electronic trojan in your bank account it will move on from deducting from your salary to taking a cut of your eBay sales and tracking all British financial transactions.


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