Elaine Clark of CheapAccounting has made a list of ten songs for HMRC raiding people's bank accounts, eg "Take The Money and Run" by the Steve Miller Band.
Now that the media and politicians have finally woken up to the possible ramifications of this proposal, Cameron was forced to come out and try to defend it. His "rationale" being that taxes would have to go up if the powers were not granted.
I wonder if he can provide the exact amount of extra tax revenue that is expected to be raised, in the event that these powers are granted?
Meanwhile on Twitter:
HMRC owe me a tax refund, its on my statement, I've requested it several times over last 6 months. Can I now raid the Treasury bank account?Tax does have to be taxing.
— Fiona Hotston Moore (@hotstonmoore) May 12, 2014
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