Reeves plots tax grab on savers

By Yahoo! Finance   |   2 weeks ago
Reeves plots tax grab on savers

Rachel Reeves is considering a tax proposal allowing HMRC to deduct unpaid taxes from workers' pay. The plan aims to improve tax collection efficiency by obtaining more personal information from banks about savers. Critics argue this move could infringe on privacy and empower HMRC to make errors in seizing savings.

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