Bank Account Raid Powers Needed Or Taxes Will Rise – Cameron

Monday, May 12, 2014
By Paul Martin

GoldCore
GoldSeek.com
Monday, 12 May 2014

Bank Account Raid Powers Needed Or Taxes Will Rise – Cameron
Taxes will have to rise unless officials are given new powers to raid people’s bank accounts, David Cameron told Sky News yesterday.

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 according to The Telegraph.

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.

Mr Cameron bizarrely claimed that the alternative was to “put up taxes”.

“We have a choice here. If we don’t collect taxes properly and make sure people pay their taxes properly we look at the problems of having to raise tax rates. I don’t want to do that, so I support the changes the Chancellor set out in the Budget which is to really say that not paying your taxes is not acceptable.”

“It is very clear that they can only do this if there is a debt of over £1,000, they can only do it if there’s £5,000 or more in the account after this has been completed. The general principle – do we want to pursue every avenue of making people pay their taxes they are meant to pay before we put up taxes, because that’s the alternative – absolutely, yes we do.”

The Rest…HERE

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