Every adult could be forced to take out private insurance to cover the cost of their care in old age under plans being considered by the Government.
Taxpayers would have to pay hundreds of pounds in premiums every year while working, and would receive payouts if they later have to move into a nursing home.
The radical plan is being considered by ministers as a way to tackle the system of long-term support for the elderly in England, which is widely considered to be unfair, underfunded and too complex.
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Showing posts with label Tax. Show all posts
Showing posts with label Tax. Show all posts
Thursday, January 01, 2009
Wednesday, October 15, 2008
IRS Commissioner Evades The Question On The Legality Of Income Tax
What U.S. law requires Americans to pay income taxes? Watch IRS Commissioner Everson evade a direct question from the New York Times tax reporter. Why won't he answer ???
Monday, August 25, 2008
UK Tax Inspectors to Get Powers To Enter Homes
HM Revenue & Customs inspectors are to gain new powers to investigate and fine taxpayers, but safeguards for individuals and businesses will not come into effect until at least four months later.
Accountancy and tax bodies said the "get tough" regime should be delayed until a charter is in place to protect taxpayers. They also argued the charter should be a statute, similar to a bill of rights, rather than the currently proposed statement of good practice.
HMRC will acquire powers next year to enter business premises and private homes used for business. For errors that are "careless, but non-deliberate", penalties worth up to 30% of an unpaid tax bill can be levied. Fines worth 70% of the final tax bill could be imposed should officials believe the taxpayer deliberately ignored the need to make a payment. Deliberate concealment could trigger fines worth 100% of the final tax bill. The new powers, outlined in the Finance Act, are due to come into effect on April 1 2009.
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Accountancy and tax bodies said the "get tough" regime should be delayed until a charter is in place to protect taxpayers. They also argued the charter should be a statute, similar to a bill of rights, rather than the currently proposed statement of good practice.
HMRC will acquire powers next year to enter business premises and private homes used for business. For errors that are "careless, but non-deliberate", penalties worth up to 30% of an unpaid tax bill can be levied. Fines worth 70% of the final tax bill could be imposed should officials believe the taxpayer deliberately ignored the need to make a payment. Deliberate concealment could trigger fines worth 100% of the final tax bill. The new powers, outlined in the Finance Act, are due to come into effect on April 1 2009.
Read more...
Lone accountant takes on IRS and wins
WASHINGTON — It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute.
Not only that, but tax experts say potentially millions of other taxpayers could benefit from his victory.
Not only that, but tax experts say potentially millions of other taxpayers could benefit from his victory.
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