Rachel Reeves considers fresh tax raid on savers in bid to balance books
Briefly

The article discusses The Independent's commitment to covering significant national issues like reproductive rights and climate change, emphasizing its importance in providing accessible journalism. It focuses on a proposed initiative by Rachel Reeves to enhance HMRC's ability to collect taxes from savers without raising direct taxes. This includes plans for banks to share personal data to assist in tax compliance, reflecting the government's broader effort to tackle tax avoidance. The Independent prides itself on being a trusted news source without paywalls, encouraging public participation in journalism funding.
Rachel Reeves is looking at imposing a fresh tax raid on savers by giving HMRC new powers to dock workers' pay and acquire data about customers from banks.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls.
Read at www.independent.co.uk
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