IOUx? really? as in, not negotiable cheques (er, checks) or specie; vouchers in lieu of an actual tax refund?
heavenly days. I'd not heard about this.
Somewhere I have about 35GBP worth of "certificates of post-war credit", issued to my dad, who was working in the United Kingdom during WWII. As near as I can tell, it was an enforced payroll loan to the gummint. He never cashed them in [they were paid back in the mid 1970s - after we'd left the UK. The certificates are really poor quality paper (wartime standard, I guess), printed in different colours each year, filled in with fountain pen on the back by, I assume, the payroll department at wherever he was working.]
Is this we-can't-actually-PAY-you-tax-refund chit system similar? "certificate of post-recession credit" or something? Enquiring Minds Need To Know.
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Date: 2009-02-18 10:08 pm (UTC)heavenly days. I'd not heard about this.
Somewhere I have about 35GBP worth of "certificates of post-war credit", issued to my dad, who was working in the United Kingdom during WWII. As near as I can tell, it was an enforced payroll loan to the gummint. He never cashed them in [they were paid back in the mid 1970s - after we'd left the UK. The certificates are really poor quality paper (wartime standard, I guess), printed in different colours each year, filled in with fountain pen on the back by, I assume, the payroll department at wherever he was working.]
Is this we-can't-actually-PAY-you-tax-refund chit system similar? "certificate of post-recession credit" or something? Enquiring Minds Need To Know.