WTF, for real: UK Proposes All Paychecks Go to the State First

[dixiegrrrrl]

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.

Snip......" it further proposes that employers hand over employee salaries to the government first."

http://www.cnbc.com/id/39265847

[sakabatou]

1. WTF indeed.

[Monique1]

2. Ditto

WTF? This could happen here. The repukes would love to get more into your money.

[dixiegrrrrl]

3. Britain is doing a lot "firsts" that are being copied here now.

UK lab rats will test the idea, Feds here will surely love to do it.

[Davis_X_Machina]

4. Bosses not making PAYE payments to HMRC...

...and pocketing them instead is endemic in the UK. This scheme -- withholding, as we know it over here -- was originally rolled out as a convenience to the little guy, who has a hard time getting a lump sum up at tax time, and became a cash-cow for unscrupulous bosses.

Think about it. How do you know your withholding is actually being credited against your liability come April 15 -- because the stub your boss gives you says so?

Bosses hate it:

The Institute of Directors (IoD), a UK organization created to promote the business agenda of directors and entrepreneurs, said in a press release it had major concerns about the proposal to allow employees' pay to be paid directly to HMRC.

The IoD said the shift to a real-time, centralized system could be positive as long as the burden on employers was not increased. But it added that the idea of wages being processed by HMRC was "completely unacceptable."

[elleng]

5. a/k/a 'witholding?'

[Bitwit1234]

6. And now the republicans are saying that is is really happening

and that Obama is telling the companies in this country they have to do it next. Hell it hasn't even passed in UK and probably won't. The article I read said they wanted to do it because employers were not paying in the deductions to the proper places that they took out of the employees pay. I bet one thing, that it happens a lot in this country also. And I really believe that one of the main reasons the republicans are so hot to get social security dropped it because the employer has to put up an amount equal to the employees payment. Big business is peeing and moaning and doesn't want to do it.

[Lint Head]

7. The New World Order nutjobs like Aex Jones will go rabid on this news.

[northernlights]

8. in that situation, then my co-worker

might actually get the overtime pay owed to her. And the rest of us might start getting paid sick days again, instead of seeing hours piled up in our "time off manager" even while being told we don't have any sick time accrued.

And when I *opted out* of their shitty 401K plan, maybe the fuckhead financial firm that I'm stuck working for would be forced to honor that, instead of deliberately opening a 401K with my supposed annual bonus stuck in it, against my express instructions, where it will cost me more to close it than leave it alone, and where now my personal and private information has been disseminated to 2 other companies, again against my express instructions, all so that they can pilfer my supposed annual bonus in fees.

As it is, the fuckhead financial thugs I work for control all information so we have no way to prove anything. :grr: :grr: :grr:

That companies are dead-set against this tells me it might be a good thing.