The UK's tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer.
The proposal by Her Majesty’s Revenue and Customs (HMRC) stresses the need for employers to provide real-time information to the government so that it can monitor all payments and make a better assessment of whether the correct tax is being paid.
Maybe there is good reason for the British government to be paranoid about citizens paying their proper taxes.
Taxes have been high in the UK for years and many Brits have made a game of what they call "fiddling the taxman."
There is a song titled, Lester Fiddled the Taxman. You can even get the tune to the song as a ringtone for your mobile phone.
Will employers someday be required to send employee payrolls to the IRS for tax deduction in this country?
After all the radical changes in the last eighteen months, don't bet that it won't.
If it does happen here there will be a sudden increase in the underground (non-taxable) economy.
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