New powers to take cash from your bank accounts!

Telegraph Link: Tax Man Can Raid Your Bank Account

The tax authorities admitted this week that about 17,000 people a year would be targeted under the new measures, set out in the Budget and designed for use against people who owe them money….

David Cameron: Taxes will rise unless we can raid bank accounts

Taxes will have to rise unless officials are given new powers to raid people's bank accounts, David Cameron has said

Taxes will have to rise unless officials are given new powers to raid people’s bank accounts, David Cameron has said

How much interest are you rewarded for the risk of confiscation by keeping your money in the bank?

Government’s answer, raise taxes !?

mmmm, Maybe that will stop the capital flight to safe offshore tax friendly jurisdictions with potential higher savings & investment returns.

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