ThePythonicCow
16th April 2014, 16:19
From The New American (http://www.thenewamerican.com/world-news/item/17987-a-new-world-tax-regime):
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A New World Tax Regime
To anyone who even casually monitors international agencies — such as the UN, the OECD, and the IMF — it will come as no surprise that those agencies have long wanted stable sources of funding that they could count on, rather than relying on handouts from governments around the world. But it would likely come as a surprise to most that we will likely see the initial operation of a world tax regime to fund international entities by 2015.
The Organization for Economic Cooperation and Development (OECD) — a 34-member (presently) international economic organization that works to influence world financial operations — openly announced plans to advance the longtime socialist-backed dream of a planetary taxation regime. The plans call for legitimate governments and dictatorships worldwide to share all private financial data on citizens. It is all openly inspired by, and modeled on, Obama’s Foreign Account Tax Compliance Act (FATCA) aimed at coercing banks and governments around the world into reporting all accounts and assets held by “U.S. persons” to the IRS. (Click here to see related FATCA article.) And that, experts say, in conjunction with other related machinations, such as an emerging plan to force businesses to pay equally high corporate taxes in all jurisdictions of the world rather than setting up shop in lower-tax nations, will lay the foundation upon which to build a “World Tax Organization.”
In mid-February, in fact, the OECD officially unveiled its plan informally called GATCA (Global Account Tax Compliance Act) by analysts. Calling its ploy to put the final nail in the coffin for financial privacy “game changing,” the tax-funded OECD said it would require governments to collect massive amounts of sensitive personal information on individuals from banks and other financial institutions in their jurisdictions. “The reality will be that for the automatic exchange of information rules should cover what kind of information is to be exchanged, how often, who should collect the information, to whom it should be sent, and in what format,” claimed Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration, speaking as if the plot were already a done deal.
Once gathered, the vast troves of private data would be automatically exchanged between all participating governments and dictatorships. “You collect the data, you put it in the pipe and it goes to the other party,” said Saint-Amans, who, as could probably be expected, pays no taxes on his bloated tax-funded salary.
...
Where It Goes From Here
In an interview with SwissInfo.ch, OECD tax czar Saint-Amans portrayed his organization — funded in large part by $100 million annually from U.S. taxpayers — as a global authority. “The beauty of international organizations is that we oversee relations between nations and the differences between states,” he boasted, though it was not clear where the OECD had any sort of mandate to “oversee” relations between governments.
With the unaccountable bureaucrats at globalist institutions almost always more than happy to trample individual rights and siphon more wealth out of the productive sector, little to no official opposition is expected to any of the ongoing plots to quietly erect, piece by piece, a global tax regime. Plus, powerful socialist forces and tax-funded “non-governmental organizations” are already working overtime to make sure the global tax regime and all that it entails can move forward.
Because the OECD, the G-20, and other forces seeking to foist the global FATCA, GATCA, and taxation regimes on the world are largely unaccountable to the public, stopping the scheme will be tough at this point.
If and when it goes into effect, governments all over the world will have instant access to people’s most sensitive financial records, including bank accounts, assets, income, insurance, interest paid, capital gains, property ownership, investments, sale of real estate, and more. And the age-old notion of innocent until proven guilty is being flipped on its head, with authorities searching through people’s highly personal information in search of potential crimes without warrants or even suspicion.
Escape will become virtually impossible for the poor, middle, and upper-middle classes. However, as multiple analysts have already pointed out, there will be more than enough loopholes in the new world taxation regime for the truly mega-wealthy members of the global establishment to protect their own wealth from outright confiscation. The rest of humanity, though, will suffer the consequences if the brakes are not slammed on the scheme very soon.
Historically, the U.S. government has largely resisted the OECD’s efforts to “harmonize” global taxation policy — at least tepidly. Under the Obama administration, however, the global plot has received among its biggest boosts thus far with the adoption of FATCA and the administration’s full-blown open support for all of the key globalist talking points — automatic information exchange, global minimum taxes, giving up sovereignty, global warming-related wealth redistribution, and more.
Critics of the machinations say the best methods of fighting back, for now at least, include raising awareness of what policymakers are doing and urging lawmakers to put an end to the lawless schemes. Stopping all funding to the OECD would be a good start, too, and an easy one if Congress would take action.
Now in public view, the pieces of the New World Tax regime are already falling into place. With firm resistance, though, the emerging planetary taxation regime can still be stopped — along with everything such a terrifying scheme would entail.
=============
Bold added by myself.
This article is quite a bit longer. I only copied the opening and closing sections above.
The entire article is at A New World Tax Regime (The New American) (http://www.thenewamerican.com/world-news/item/17987-a-new-world-tax-regime).
=============
A New World Tax Regime
To anyone who even casually monitors international agencies — such as the UN, the OECD, and the IMF — it will come as no surprise that those agencies have long wanted stable sources of funding that they could count on, rather than relying on handouts from governments around the world. But it would likely come as a surprise to most that we will likely see the initial operation of a world tax regime to fund international entities by 2015.
The Organization for Economic Cooperation and Development (OECD) — a 34-member (presently) international economic organization that works to influence world financial operations — openly announced plans to advance the longtime socialist-backed dream of a planetary taxation regime. The plans call for legitimate governments and dictatorships worldwide to share all private financial data on citizens. It is all openly inspired by, and modeled on, Obama’s Foreign Account Tax Compliance Act (FATCA) aimed at coercing banks and governments around the world into reporting all accounts and assets held by “U.S. persons” to the IRS. (Click here to see related FATCA article.) And that, experts say, in conjunction with other related machinations, such as an emerging plan to force businesses to pay equally high corporate taxes in all jurisdictions of the world rather than setting up shop in lower-tax nations, will lay the foundation upon which to build a “World Tax Organization.”
In mid-February, in fact, the OECD officially unveiled its plan informally called GATCA (Global Account Tax Compliance Act) by analysts. Calling its ploy to put the final nail in the coffin for financial privacy “game changing,” the tax-funded OECD said it would require governments to collect massive amounts of sensitive personal information on individuals from banks and other financial institutions in their jurisdictions. “The reality will be that for the automatic exchange of information rules should cover what kind of information is to be exchanged, how often, who should collect the information, to whom it should be sent, and in what format,” claimed Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration, speaking as if the plot were already a done deal.
Once gathered, the vast troves of private data would be automatically exchanged between all participating governments and dictatorships. “You collect the data, you put it in the pipe and it goes to the other party,” said Saint-Amans, who, as could probably be expected, pays no taxes on his bloated tax-funded salary.
...
Where It Goes From Here
In an interview with SwissInfo.ch, OECD tax czar Saint-Amans portrayed his organization — funded in large part by $100 million annually from U.S. taxpayers — as a global authority. “The beauty of international organizations is that we oversee relations between nations and the differences between states,” he boasted, though it was not clear where the OECD had any sort of mandate to “oversee” relations between governments.
With the unaccountable bureaucrats at globalist institutions almost always more than happy to trample individual rights and siphon more wealth out of the productive sector, little to no official opposition is expected to any of the ongoing plots to quietly erect, piece by piece, a global tax regime. Plus, powerful socialist forces and tax-funded “non-governmental organizations” are already working overtime to make sure the global tax regime and all that it entails can move forward.
Because the OECD, the G-20, and other forces seeking to foist the global FATCA, GATCA, and taxation regimes on the world are largely unaccountable to the public, stopping the scheme will be tough at this point.
If and when it goes into effect, governments all over the world will have instant access to people’s most sensitive financial records, including bank accounts, assets, income, insurance, interest paid, capital gains, property ownership, investments, sale of real estate, and more. And the age-old notion of innocent until proven guilty is being flipped on its head, with authorities searching through people’s highly personal information in search of potential crimes without warrants or even suspicion.
Escape will become virtually impossible for the poor, middle, and upper-middle classes. However, as multiple analysts have already pointed out, there will be more than enough loopholes in the new world taxation regime for the truly mega-wealthy members of the global establishment to protect their own wealth from outright confiscation. The rest of humanity, though, will suffer the consequences if the brakes are not slammed on the scheme very soon.
Historically, the U.S. government has largely resisted the OECD’s efforts to “harmonize” global taxation policy — at least tepidly. Under the Obama administration, however, the global plot has received among its biggest boosts thus far with the adoption of FATCA and the administration’s full-blown open support for all of the key globalist talking points — automatic information exchange, global minimum taxes, giving up sovereignty, global warming-related wealth redistribution, and more.
Critics of the machinations say the best methods of fighting back, for now at least, include raising awareness of what policymakers are doing and urging lawmakers to put an end to the lawless schemes. Stopping all funding to the OECD would be a good start, too, and an easy one if Congress would take action.
Now in public view, the pieces of the New World Tax regime are already falling into place. With firm resistance, though, the emerging planetary taxation regime can still be stopped — along with everything such a terrifying scheme would entail.
=============
Bold added by myself.
This article is quite a bit longer. I only copied the opening and closing sections above.
The entire article is at A New World Tax Regime (The New American) (http://www.thenewamerican.com/world-news/item/17987-a-new-world-tax-regime).